bg-shadebg-shade
Zolvit
zolvit-logotalk to an expert
bg-shade

Memorandum of Understanding (MOU) Drafting

Arrow

Get your Online MOU drafted from experts in just 2 days

Arrow

Get 2 round of iterations. Transparent process, thorough follow up and regular updates

Leaform-bgLeaform-bg

Get Started

Email
Mobile Number
Select City
  • No results found
Get easy updates through
WhatsappWhatsapp
bg-shade

Here’s How It Works

You can get an FSSAI license through Zolvit in three simple steps.

Zolvit-Logo
Zolvit-Logo

Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.

Rachna Pathania

Founder & CEO of SchnellTek Software Pvt. Ltd.

Zolvit-Logo

Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!

Satya Vasireddy & Sravani Vasireddy

Founders of Lovely Chocos

Zolvit-Logo

Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.

Adarsh Agarwal

CEO & Developer of Golghar.com

Here’s What You’ll Need

  • Get an expert to draft your Memorandum of understanding online now. Zolvit uses the best-in-industry security protocols to ensure your documents are always secure.

  • The creation and execution of an MoU don't call for any particular paperwork. However, the parties' IDs will be closely examined in order to verify their names and current addresses.

    Why Should I Use Zolvit for drafting a Memorandum of Understanding?

    • We Register a New Company Every 9 Minutes

    • Businesses Served

      500K+

      Businesses Served

    • All Financial Services in One Place

    • Quick & Affordable

    • 100% Satisfaction Guaranteed

    Get your MoU drafted by Zolvit! Easy hassle free process with Expert support.

    Did you know

    Did you know?

    MoUs are not legally enforceable, so the parties avoid a variety of negative legal outcomes. Although the agreement is not enforceable by law, it nonetheless conveys a sense of seriousness and respect. Instead, it signifies the parties' intent to make a valid legal agreement.

      FAQ's

      What is the purpose of a memorandum of understanding (MoU) ?

      accordion-off

      What data has to be introduced in a MoU?

      accordion-off

      Is an MoU enforceable in court?

      accordion-off

      How long is the MoU effective?

      accordion-off

      Can A MoU be canceled?

      accordion-off

      Why are MoUs and MoAs different from one another?

      accordion-off

      Overview -Memorandum of Understanding

      A Memorandum of Understanding (MoU) is a formal document that describes an agreement between two or more parties. It conveys the parties' intention to proceed with a contract even though it is not legally binding.

      The MoU can be thought of as the foundation for negotiations because it specifies the parameters and objectives of the discussions. Although they can be used in risky business negotiations like merger discussions, these memoranda are most frequently used in negotiations of international treaties.

      • An MoU outlines specific agreement terms in detail
      • It gives the parties' names, describes the project they are working on, establishes its parameters, and specifies the roles and duties of each party
      • The MoU is a crucial step because it takes time and effort to negotiate and draft a sufficient document, even though it is not legally binding
      • An MoU can only be created if all parties involved agree to it
      • Before moving forward, each side expresses what is more important to the other
      • Typically, each party creates its own MoU, incorporating favourable or ideal circumstances
      • It takes into account the chosen or ideal result for the stated party
      • It also includes the non-negotiable aspects of the party's domain and what the party has to offer the other party or parties
      • These will serve as the party's starting points as it moves the negotiations forward.

      Benefits- Advantages of Memorandum of Understanding

      The main reason a company requires ISO certification is if it is required by law or contract. Some companies and government tenders may require only ISO-rated services to be used. The secondary reasons for adhering to the criteria are as follows:

        1. Identifies a Shared Goal

        accordion-off

        2. Lessens the Potential for Uncertainty

        accordion-off

        3. Documents Previous Contracts

        accordion-off

        4. Simple to End Deals

        accordion-off

        5. Offers a Structure for Subsequent Dealings

        accordion-off

        Checklist

        An MoU that includes the following details must be signed by a recipient, a subrecipient, and a third-party service provider, at the very least.

        • Organisational data
        • Identification information for the recipient and/or sub-recipients and points of contact
        • Identification of the service provider and points of contact
        • The service providers' unwavering commitment to providing it
        • Provision of the services' scope
        • Description of the to-be-provided services
        • Contract to be matched specifically
        • Number of clients receiving service at any given time during the contract's duration
        • Total number of clients served over the course of the grant
        • Qualifications of service providers
        • The estimated cost of the services offered
        • Records of the service match
        • Documentation requirements
        • The service provider's and recipient's obligations
        • Timelines that are typical for both the service provider and the recipient when providing services to people

        Process - Procedure for Drafting a Memorandum of Understanding

        With Zolvit, we make it as easy as possible for you to complete your DSC online registration in just three steps:

        • glasTmIcon

          Step 1: Connect with Zolvit

          Contact our experts, and we will set up a meeting so that you can clarify any questions you may have about the procedure.

        • glasTmIcon

          Step 2: Submit the Necessary Paperwork

          To prepare all of your necessary documentation and deliver it, we need all the required documents. Based on the process our experts will let you know the list of required documents.

        • glasTmIcon

          Step 3. Describe the Terms and conditions

          Explain in detail to the experts regarding all the clauses and information that has to be infused in the MoU.

        • glasTmIcon

          Step 4: Obtain the initial draft

          Our experienced team will create the draft of the MoU and send it to you. You can read the whole thing and reach out to us in case of any questions.

        • glasTmIcon

          Step 5: Finalise the drafts

          If you want to modify the draft by adding or removing any clauses, get in touch with our experts. Finalise the MoU and start the business.