Memorandum of understanding

shyam lal (Querist) 09 April 2022 This query is : Resolved
What is the difference. between a non registered. (a) MoU of Family settlement (b) MoU of family agreement.
Lastly do the above mentioned MoU have any binding on the signatories?

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A family agreement typically concerns care and living arrangements between family members, excluding property matters. In contrast, a family settlement specifically addresses property disputes or arrangements within a family. While a family agreement may not require registration, any settlement involving immovable property must be registered to be legally valid and binding on the signatories.

kavksatyanarayana (Expert) 11 April 2022
A family agreement is an arrangement between two persons of a family naturally elders and younger regarding care and living etc, but not related property. But for property, a settlement between the members of the family is a family settlement.

Sri Vijayan.A (Expert) 14 April 2022
Already replied to the question by an Expert.
However, I try to add a small value.
If the document is related to any immovable property, it has to be registered. otherwise it is not valid.

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