What’s the Difference Between an MoU and an Agreement?”
#MoUIndia #AgreementVsMoU #ContractLawIndia #LegalDocumentsExplained #StartupLaw #BusinessAgreements #LexisAndCompany
A puzzled client asked:
"Is an MoU the same as an Agreement? Can I just use an MoU and skip the legal drama?" π
π
✅ Answer: Nope! They may look similar, but they’re NOT twins! π§π€π§⚖️
π Key Differences:
✅ MoU (Memorandum of Understanding)
➡ A non-binding document
➡ Shows intent to work together
➡ Great for initial understanding
➡ Not always enforceable in court
✅ Agreement
➡ A legally binding contract
➡ Includes offer, acceptance, consideration
➡ Fully enforceable in court
➡ Essential for real commitments
#MoUVsAgreement #BusinessContracts #LegalIntentions #DocumentDifference
π― When to Use What?
π Use MoU for discussions, partnerships in planning stage
π Use Agreements when money, roles, and deliverables are involved
⚠️ Pro Tip: “MoU is a handshake. Agreement is a locked deal!” π€π
#LegalDrafting #MoUExplained #ContractEssentials
πΌ Need help drafting the right document for your business?
Let LEXIS AND COMPANY help you choose wisely and draft smartly! ππΌ
π Call: +91-9051112233
π Website: https://www.lexcliq.com
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