Overview

A Memorandum of Understanding (MoU) is a preliminary understanding between contracting parties which is executed before a formal agreement is entered into. The MoU highlights the intentions of the parties to a contract for entering into future contracts and doesn’t usually impose any legal obligations upon the parties.

A MoU may create legal obligations when a binding understanding is inferred from any of its clauses. A MoU may be used by companies and NGOs to establish partnerships. Hiring the top documentation lawyers in your locality will help you in creating a legally sound document at affordable prices.

Procedure for Drafting Memorandum of Understanding whatsapp

Procedure for Drafting Memorandum of Understanding whatsapp

  1. The parties to the MoU discuss with the lawyer the essentials of its contents
  2. The expectations and limitations of the parties are laid down including such provisions that are negotiable and that which is non-negotiable
  3. Draft MoU is drafted by the lawyer and deliberated by the parties
  4. Final draft of the MoU is prepared by the lawyer
  5. The final MoU is signed by the parties

Documents Required for Drafting Memorandum of Understanding whatsapp

Documents Required for Drafting Memorandum of Understanding whatsapp

  1. Information regarding the parties to the MoU
  2. Additional documents required (specified by the lawyer)