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shyam lal   07 July 2021

Legal validity

In legal terms what is the difference between settlement and agreement inrespct to MOU to immovable property.


 4 Replies

P. Venu (Advocate)     08 July 2021

What are the facts? What is the context? 

Please post complete facts.

shyam lal   08 July 2021

fact is mr. Venu you don't understand what is asked,that is a fact.

G.L.N. Prasad (Retired employee.)     08 July 2021

Settlement is a final decision reduced in writing.

The agreement is mutual understanding for certain clauses before finalizing that settlement/contract.

1 Like

M V Gupta (Advocate)     08 July 2021

A settlement in some cases effects transfer of right title and interest in immovable property. Ex. Family arrangement or settlement. Registration of the document is compulsory. MOU is only a record of understanding reached between parties setting out the mode of putting through a transaction or pre- transaction obligations or compliance to be satisfied by the concerned parties. MOY by itself does not effect transfer of interest in immovable property.

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