Memorandum of Understanding (MOU)

Is MOU a Legal Document??

An MOU indicates the willingness of the parties to go ahead with a contract. The MOU can be seen as the origin point for negotiations as it describes the scope and purpose of the talks. Such records are most frequently observed in international treaty negotiations but also may be used in high-stakes business dealings such as merger talks. Generally, MOU does not constitute a legally enforceable obligation due to no transfer of consideration. It is generally applied for a non-binding contract. If an MOU has been drawn for consideration, like for replacement of money, etc., the document would enhance binding on the parties, else it is a non-binding contract.

What is the Process of Drafting an MOU??

Step 1: Log on to the Easifyy.com website and access the MOU Service in Legal Category Step 2: Book the service Online and Provide the necessary details as we required. Step 3: Experts will work on drafting the memorandum of understanding with all the necessary details, and it will be ready to download .