Author: sapphireabhay

Introduction: A Memorandum of Understanding (MOU) is a commonly used legal document in various business and contractual relationships. It serves as an initial agreement between parties to outline the terms and conditions of a proposed transaction or collaboration. However, there is often confusion regarding the legal status and enforceability of MOUs in India. This article aims to provide a comprehensive analysis of whether MOUs are legally binding and enforceable in India. I. Understanding MOUs: A. Definition: An MOU is a formal agreement between two or more parties that outlines their mutual understanding, intentions, and expectations for a particular venture or…