MOU vs Agreement – Same Same but Legally Different!” π
π§ π¬ Client Question: "We’re signing a document with a vendor—should it be an MOU or a formal Agreement? What’s the legal difference?" #MOUvsAgreement #BusinessLawIndia #LegalDocumentsExplained #ContractsInIndia #StartupLawBasics π’ Short Answer: An MOU is like dating—it shows intent. An Agreement is like marriage—it’s legally binding! ππ Choose wisely before someone files for legal divorce! #MOUExplained #AgreementIndia #LegalCommitments #StartupContracts #BusinessLawHumour π Key Differences Between MOU and Agreement: 1️⃣ Legal Enforceability: π MOU : Usually not enforceable in court π Agreement : Fully enforceable under Indian Contract Act, 1872 #Enforceability #MOUOrAgreement #ContractAct1872 2️⃣ Purpose: π€ MOU : Shows intention to work together π€π° Agreement : Defines obligations, rights, penalties #DealStructureIndia #BusinessPartnerships #LegalIntentions 3️⃣ Use Case: π ️ MO...
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