Upgrad LLM

regarding un-regd mou


An Unregistered Memorandum of Understanding got executed between Plaintiff and Defendant. I am for the Defendant which is a Registered firm dealing with real estate business.
my question :
1. Is there any legal validity for Un-Regd. MOU in the eye of law (Courts) ?
2. If valid then will there be any limitation for the Un-Regd. MOU ?

Thanks for your replies 🤝
 
Reply   
 

Dear querist,

As per me MOU is valid document even if it is un registered depending upon case. Once MOU is executed it has no limitation.

Regards,
 
Reply   
 


LEGAL

The terms and conditions in the MOU are binding if signed by parties and registration won't matter . However for validity that too will be as per its terms. To terminate that just issue Legal Notice and dissolve the MOU

 
Reply   
 
ha21@rediffmail.com Mumbai : 9820174108

1. An MOU is at the most only a persuasive understanding document between the signatory parties and cannot be classified as a Contract or an Agreement, and hence CANNOT be registered and has nil legally enforceable value.

2. IF an MOU is registered in the guise of an Agreement, THEN it is legally valid perpetually till rescinded /revoked unilaterally, for failure to comply with the terms & conditions mentioned therein, by following due procedures of law.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

CrPC MASTERCLASS!     |    x