A Memorandum Of Understanding (‘MOU’) is generally a preliminary understanding between the parties to a contract, prior to the execution of a formal agreement. It is a document highlighting the intention of the contracting parties and might also be known as a Letter of Intent (‘LoI’). MOU is general...
Blogs tagged with: Indian Contract Act
As usual late in the class of the Contract, Professor with a smile on his face started looking at me and reminded the class that perfect example of the person who sets low personal standard and then consistently fails to achieve them. He reminded me with his voice, “kya chahiye tumko?” I said in my ...