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Memorandum of Understanding

This Memorandum of Understanding (MOU) is between two companies to define their roles and responsibilities. The first party operates in the field of [BLANK] and the second party operates in the field of [BLANK]. The purpose of the MOU is to [BLANK]. Key points include each party agreeing to carry out defined roles and responsibilities. The MOU will be in effect for two months after either party provides written notice of intent to terminate. Consideration in the amount of [BLANK] will be paid on [BLANK] date. Modifications must be agreed upon in writing and local laws will take precedence over any conflicting terms.

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Alankar Narula
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68 views

Memorandum of Understanding

This Memorandum of Understanding (MOU) is between two companies to define their roles and responsibilities. The first party operates in the field of [BLANK] and the second party operates in the field of [BLANK]. The purpose of the MOU is to [BLANK]. Key points include each party agreeing to carry out defined roles and responsibilities. The MOU will be in effect for two months after either party provides written notice of intent to terminate. Consideration in the amount of [BLANK] will be paid on [BLANK] date. Modifications must be agreed upon in writing and local laws will take precedence over any conflicting terms.

Uploaded by

Alankar Narula
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MEMORANDUM OF UNDERSTANDING (MOU)

This Memorandum of Understanding herein referred to as "MOU" is entered on this -– Day of


--------, ---------

BETWEEN: Company/LLC Name M/s. ..............................................., bearing Regn. No. :


................................, having its registered office at
---------------------------------------------------------------------- herein after referred as “First Party”;

AND: Company/LLC Name M/s. ..............................................., bearing Regn. No. :


................................, having its registered office at
---------------------------------------------------------------------- herein after referred as “Second
Party”.

Now the above parties hereby agree to the following:

. 1)  Preamble & Background for the MOU: The first party is ------------------- engaged in the
field of ----------------------------------- The second party is -------------------------- engaged
in the field of -----------------------------

. 2)  Purpose of the MOU: The Purpose of this MOU is:Enlist the Purpose of this MOU in
detail

. 3)  Roles and Responsibilities: I) First Party Agrees to carry out the following roles and
responsibilities: a) b) c) d) II) Second Party Agrees to carry out the following roles and
responsibilities: a)b)c) d)

. 4)  Effective Date: This MOU will come into effect on the date of signature and will remain in
force until either side delivers written notification to the other of its intention to terminate
the Memorandum, in which case the parties will terminate two months after the receipt of
such a notification.

. 5)  Consideration/Valuation: The parties have arrived at consideration based on the valuation


and the amount of consideration is Rs. In Numbers(In Words) Only. The Consideration
shall be paid on -----------------------------.

6) Modification

The MOU may be amended by mutual consent through an exchange of correspondences between
the two Partners and by entering into Supplementary MOU.

7) Applicable Laws

If any clause of this MOU overrides or is contrary to any other prevailing law which is applicable
to the parties for the time being in {State, Country} , then the existing and relevant Act, Rule or
Regulation shall prevail over such clause of this MOU.

For First Party,{Enter M/s. FULL COMPANY NAME}

__________________
.......................................

Designation

For Second Party,Enter M/s. FULL COMPANY NAME}

__________________
.......................................

Designation

Witness:-

____________________________
1) ............................................

S/o Mr. .....................................

Age: Add:

Occ:

_________________________

2).......................................

S/o Mr. ................................

Age: Add:

Occ:
Place: -------------------------------

Date: DD/MM/YYYY

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