Legal Question in Investment Law in India
which section/order of which act covers the procedure of a memorandum of understanding? is a memorandum of understanding legally binding even if it has not been registered? if a memorandum of understanding is a contract then will absence of consideration make it void?
Asked on 9/01/09, 10:31 am
2 Answers from Attorneys
MOU covers contract act but without going through contents of agreement no one can guide you properly.
Answered on 9/01/09, 2:06 pm
Seshadri Srinivasan
www.lawconcern.com
MOU may be a contract or not depending on facts.
Consideration - presence or absence is also based on facts.
Answered on 10/04/09, 5:51 am
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