Upgrad LLM

termination of mou


I signed a MoU with a bank for letting out my commercial property( which is under construction according to the specification of the bank) . The rent I signed upon which was Rs.100 per sqft(5 months back). But now the demand for the property is very high ( almost double). So I want to terminate the MoU. What should I do? Will there be any legal binding on me?note: there was no monetary transaction happened until now). What reason can I give them other than rent?
 
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