MoU and Its Importance

A Memorandum of Understanding (MoU) is a record in which more than two parties acknowledge that they comply on a set of general path of direction or function for the business. This is the basic stage of the building of an MoU. However, an MoU is commonly identified as requisite though it has no authority and responsibility in itself. To be lawfully functional, an MoU should recognise the consenting groups, define the business objectives of the contract, outline the important conditions and get it autographed by the consenting parties.

Benefits of an MoU

Secures the Partnership

The Master Service Agreement envelops the complete liaison between the business giver and client, covering all facets of the agreement that is likely to emerge. Such a contract is an advantage for anyone entering a long-standing affiliation with a dealer or client.

Time Saving

A Master Service Agreement facilitates a structure to discuss and work out terms and conditions. So, the same conditions don’t have to be continuously bargained for deals that are identical or related to one and other.

MoU Process

3 Business Days

Upon contact, your request to create an MoU will be received and our representative will be in touch with you to take your request forward. If we need more information from your end, we will call you as and when required. After we receive all your details, our in-house lawyers and legal experts, will create the MoU and send it across for your view within 2- 4 business days.

2 Business Days

Your original price includes two rounds of iterations. Therefore, if you need any changes done to the MoU, our lawyers will do the needful and send it across to you for your view once again.

Why Vakilsearch

Legal Experts at your Reach

Vakilsearch gives you easy access to verified lawyers who will render a professional service at all cost. You can very well follow the progress of your work done by our experts on our forum anytime.

9.1 Customer Score

Clients are delighted with our service! They have consistently rated us highly because of our focus on simplifying legal requirements and providing regular updates.

200+ Strong Team

Our team of experienced business advisors are just a phone call away, should you have any queries about the process. Our team will ensure that your interaction with professionals is smooth and seamless.

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