Memorandum of Understanding
For preliminary business collaborations — correctly drafted as non-binding except for confidentiality, avoiding the same ambiguity that has created real disputes over term sheets.
- Non-binding effect using express, unambiguous language
- Confidentiality carved out as the one binding section
- Flexible structure for partnerships, collaborations, or pilot arrangements
- Clear path to a definitive agreement, without premature obligation
📧 Rakeshkjaiswar@seedhakanoon.com
📱 +91 91679 36053
Businesses exploring a partnership
Companies discussing a potential collaboration, pilot, or joint initiative before committing to definitive terms.
Organisations formalising early discussions
Any two parties wanting to document intent and confidentiality without creating binding commercial obligations yet.
What we actually checked, and when.
1. Update the jurisdiction. This template is drafted with placeholder city/state fields — replace them with your own business's actual location, not any example city shown in the document.
2. Print on valid stamp paper. This PDF is a drafting template, not an executable legal document on its own. Under the Indian Stamp Act, most agreements need to be printed on physical stamp paper (or e-stamped) of the correct value for your state before signing — an unstamped agreement may be inadmissible as evidence until the deficiency is paid. Confirm the correct stamp duty and process for your state before execution.
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