Pre emi offer and legality of mou

Aneesh (Querist) 01 December 2015 This query is : Resolved
Hi

I would like to know whether MOU( Memorandum of Understanding ) between a builder and buying party has got legal binding if the agreement is signed on the letter head of the builder and not on a stamp paper.

The context is that the builder offer the buyer to pay back the Pre EMI on a monthly basis and this matter is not included in the main sale agreement.

Thanks
Aneesh
Aneesh

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Nitish Banka (Expert) 01 December 2015
It has a validity as it fulfills all the requirements. not having stamp paper does not make it a void.
Adv.Nitish Banka

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