The Memorandum Of Understanding Between Two Partners is a crucial preliminary document used in Indian business practice when two parties wish to formalize their intention to enter into a business relationship or collaboration. This document type is particularly valuable in the Indian legal context as it provides a structured framework for negotiations and future agreements while maintaining flexibility. It's commonly used when parties need to outline their mutual understanding before entering into a more detailed, binding agreement. The MOU typically captures key aspects such as the scope of cooperation, resource commitments, timelines, and basic terms of engagement, while usually maintaining a non-binding nature except for specific provisions like confidentiality. Under Indian law, while MOUs are generally not legally binding, they can create moral obligations and serve as important reference documents for future binding agreements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of the partners entering into the MOU
2. Background: Explains the context and circumstances leading to the MOU
3. Definitions: Defines key terms used throughout the document
4. Purpose and Scope: Clearly states the objectives and scope of the partnership or collaboration
5. Roles and Responsibilities: Outlines the specific duties and responsibilities of each partner
6. Duration and Term: Specifies the timeframe of the MOU and any renewal provisions
7. Financial Arrangements: Describes any financial commitments or arrangements between the parties
8. Confidentiality: Sets out obligations regarding confidential information shared between partners
9. Intellectual Property Rights: Addresses ownership and usage rights of any IP involved
10. Non-Binding Nature: Explicitly states which provisions are non-binding, if any
11. Termination: Outlines conditions and process for terminating the MOU
12. Governing Law: Specifies that Indian law governs the MOU
13. Signatures: Space for parties to execute the document
1. Non-Competition: Include when partners need to agree not to compete in specific areas
2. Dispute Resolution: Add when parties want to specify mediation or arbitration procedures
3. Force Majeure: Include when needing to address unforeseen circumstances preventing performance
4. Assignment: Add when transfer of rights needs to be restricted or permitted
5. Marketing and Publicity: Include when addressing how parties can publicly reference the partnership
6. Compliance with Laws: Add when specific regulatory compliance needs to be highlighted
7. Insurance: Include when parties need to maintain specific insurance coverage
8. Notices: Add when formal communication procedures need to be established
1. Schedule A - Project Scope: Detailed description of the specific project or collaboration scope
2. Schedule B - Timeline: Detailed timeline of activities and milestones
3. Schedule C - Financial Terms: Detailed breakdown of any financial arrangements
4. Schedule D - Contact Details: List of key contacts and their details from both parties
5. Appendix 1 - Technical Specifications: Technical details relevant to the partnership
6. Appendix 2 - Compliance Requirements: Specific regulatory or compliance requirements
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Professional Services
Education
Healthcare
Real Estate
Retail
Financial Services
Telecommunications
Research and Development
Construction
Energy
Agriculture
Media and Entertainment
Relevant Teams
Legal
Business Development
Corporate Affairs
Operations
Strategy
Finance
Compliance
Partnership Management
Project Management
Executive Leadership
Relevant Roles
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Corporate Lawyer
Partnership Manager
Operations Director
Project Manager
Strategy Director
Chief Financial Officer
Company Secretary
Compliance Officer
Contract Manager
Business Owner
Entrepreneur
Find the exact document you need
Non Profit Organization Partnership Agreement
A partnership agreement between non-profit organizations under Indian law, establishing terms for collaboration and shared charitable objectives.
Download
Model Partnership Agreement
A standardized partnership agreement template compliant with Indian law, establishing terms and conditions for business partnerships.
Download
Memorandum Of Understanding For Partnership
An Indian law-compliant preliminary agreement outlining key terms and conditions for establishing a business partnership, serving as a precursor to a formal Partnership Deed.
Download
Law Firm Partnership Deed
An Indian law-governed partnership agreement that establishes and regulates a law firm's structure, operations, and partner relationships.
Download
General Partnership Deed
A legal document under Indian law establishing a partnership between two or more persons to conduct business together and share profits.
Download
Agreement For Partnership Deed
An Indian law-compliant legal document that establishes and governs a business partnership, defining partners' rights, duties, and operational framework.
Download
Software Implementation Partner Agreement
An Indian law-governed agreement detailing terms and conditions for software implementation services between an implementation partner and client organization.
Download
Sleeping Partnership Agreement
An Indian law-governed agreement establishing a partnership where certain partners contribute capital without participating in business operations.
Download
Sleeping Partner Partnership Deed
An Indian law-governed partnership deed establishing the rights and obligations of sleeping (non-managing) and active partners in a business venture.
Download
Referral Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for business referral partnerships, including commission structures and operational procedures.
Download
Realtor Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate professionals, ensuring RERA compliance and detailing operational framework.
Download
Real Estate Joint Venture Proposal
An Indian law-governed proposal document outlining terms and conditions for a real estate development joint venture, including project specifications, financial arrangements, and regulatory compliance requirements.
Download
Proposal For Joint Venture Letter
A formal business letter used in India to propose and initiate discussions for a potential joint venture partnership, outlining preliminary terms and structure under Indian law.
Download
Petrol Pump Partnership Agreement
An Indian law-governed agreement establishing a partnership for operating a petrol pump business, detailing operational, financial, and regulatory requirements.
Download
Partnership Deed For Transport Business
An Indian law-governed partnership agreement establishing a transport business venture, detailing partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For Petrol Pump
An Indian law-governed partnership agreement for establishing and operating a petrol pump business, outlining partner rights, responsibilities, and operational procedures.
Download
Partnership Deed For LLP
An Indian legal document establishing the terms and conditions between partners in a Limited Liability Partnership (LLP), governed by the LLP Act, 2008.
Download
Partnership Deed For Film Production
An Indian law-governed partnership agreement for film production ventures, detailing partner rights, responsibilities, and profit-sharing arrangements.
Download
Partnership Deed Construction Business
A legal agreement under Indian law establishing a partnership for construction business operations, defining partner relationships and business terms.
Download
Partnership Deed Between Three Partners
An Indian law-governed agreement establishing a three-partner business partnership, defining rights, responsibilities, and operational framework under the Indian Partnership Act, 1932.
Download
Partnership Agreement Proposal
A formal proposal for establishing a business partnership under Indian law, outlining key terms and conditions for potential partners' consideration.
Download
Private Limited Company Partnership Agreement
An Indian law-governed agreement establishing partnership terms and conditions between shareholders in a private limited company, outlining rights, responsibilities, and operational framework.
Download
Partnership Agreement For Hotel Business
An Indian law-governed agreement establishing a partnership structure for hotel business operations, including operational, financial, and management provisions.
Download
Technology Partner Agreement
An Indian law-governed agreement establishing terms and conditions for technology service partnerships between providers and client organizations.
Download
Venture Capital Partnership Agreement
An Indian law-governed agreement establishing a venture capital partnership structure, defining relationships between fund managers and investors while ensuring regulatory compliance.
Download
Non Binding Partnership Agreement
A preliminary agreement under Indian law that outlines proposed partnership terms while maintaining a non-binding status, allowing parties to negotiate and explore collaboration possibilities.
Download
Letter For Partnership Agreement
An Indian legal document establishing a partnership arrangement between parties, outlining key terms and conditions under Indian Partnership Act requirements.
Download
Salon Business Partnership Agreement
An Indian law-governed agreement establishing a partnership structure for operating a salon business, including operational, financial, and regulatory terms.
Download
Rent Agreement For Partnership Firm
An Indian law-governed rental agreement specifically designed for partnership firms leasing property for business purposes, incorporating partnership-specific legal requirements and standard rental terms.
Download
Partnership Deed For Real Estate Business
An Indian law-governed partnership deed establishing terms and conditions for a real estate business partnership, incorporating RERA compliance requirements.
Download
Reseller Agreement For Software Products
An Indian law-governed agreement establishing terms for software distribution through authorized resellers, including licensing, sales rights, and operational requirements.
Download
Real Estate Agent Partnership Agreement
An Indian law-governed agreement establishing a partnership between real estate agents/firms, ensuring RERA compliance and defining operational framework.
Download
Partnership Deed For Hotel Business
A legal agreement under Indian law establishing a partnership structure for hotel business operations, defining partner relationships and business management terms.
Download
Authorized Reseller Agreement
An Indian law-governed agreement establishing terms and conditions between a manufacturer/principal and authorized reseller for product distribution and resale.
Download
Joint Venture Proposal
An Indian law-governed proposal document outlining the key terms and structure of a proposed joint venture between multiple parties, serving as the foundation for detailed negotiations.
Download
Short Partnership Agreement
A concise partnership agreement template compliant with Indian law, establishing core terms and conditions for business partnerships.
Download
Social Media Partnership Agreement
An Indian law-governed agreement establishing terms and conditions for social media partnerships, including content creation, compliance, and commercial terms.
Download
Partnership Deed
An Indian law-governed agreement establishing a partnership between two or more parties, defining their rights, responsibilities, and business relationship under the Indian Partnership Act, 1932.
Download
Online Business Partnership Agreement
An Indian law-governed agreement establishing partnership terms for online business operations, including digital assets, operations, and compliance requirements.
Download
Buy Sell Agreement Between Business Partners
An Indian law-governed agreement establishing terms for transfer of business ownership interests between partners, including valuation and execution procedures.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)