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Customers can now sign documents electronically from LegalDesk.The added advantage of using eSignDesk (a product of LegalDesk.com) is that parties can sign an MOU remotely from any location in India. An MOU can be drafted with the intention of creating a legal contract (which can also be drafted by us).

A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.

As per Indian law, MoU is only enforceable in a court of law when it fulfills the provisions of the Indian Contract Act, 1872. To make it a valid agreement, the parties in an MoU should have a legally binding relationship to enter into an agreement.

Generally speaking, since MOU is an agreement to arrive to an agreement, such terms and conditions to enter into a valid contract thereupon. Hence, once such terms and conditions are negotiated and agreed upon and the parties enter into the desired contract, the MOU ceases to exist.

A MEMORANDUM OF UNDERSTANDING should be used when you submit a request for application involving a collaborative partner(s) that agrees to provide a non-financial exchange that will enhance the project. Examples include: a work station for an out-stationed advocate or training for staff/volunteers.

Contents of a Memorandum of Understanding (MOU) An MOU clearly outlines specific points of understanding. It names the parties, describes the project on which they are agreeing, defines its scope, and details each party's roles and responsibilities.

The answer might surprise you, even if a signed contract is not stamped, it is actually VALID under the law. Then why do we need to stamp it? Pursuant to section 52(1)(a) of the Stamp Act 1949, no instrument shall be admitted in evidence unless such instrument in duly stamped.