Legal Question in Business Law in India

Re: Indian Contract Act

It may be a valid contract if other terms and conditions required for a valid agreement are fulfilled.

Re: Indian Contract Act

MoU is a valid agreement between the parties wherein they are intending to act on common line of action. When following conditions are satisfied, it is a valid contract:-

(a) consideration

(b) parties are competent to contract

(c) their consent is free

(d) object of the agreement is lawful.

Hope the above answer to your query.

DISCLAIMER:

Please note that opinion and view is provided for educational information purposes only. It is not intended to provide legal advice and should not be relied upon in that respect. You should not act or rely on the answer without seeking proper advice of a qualified professional.

Re: Indian Contract Act

yes