Memorandum of Understanding
Before entering into any partnership, project, or collaboration, clarity is key—and that clarity begins with a Memorandum of Understanding (MoU). An MoU is a formal document that records the intent, scope, and responsibilities of each party before they enter a binding agreement. It helps organisations avoid misunderstandings, set expectations, and build trust from the very beginning. At Aarthika Globcorp, we specialize in drafting crisp, professional, and clear MoUs tailored to business partnerships, collaborations, joint ventures, service arrangements, and institutional tie-ups—making sure your intentions are protected and your commitments are documented.
Documents Required
- Identity & business details of both parties
- Scope of work / collaboration outline
- Roles & responsibilities of each party
- Duration of the understanding
- Commercial terms (if applicable)
- Confidentiality & dispute resolution preferences
FAQs
Generally, MoUs are not legally binding, unless clauses explicitly state enforceability. They serve as a mutual understanding document.
It creates clarity, trust, and alignment before drafting detailed contracts, reducing future disputes.
Yes, as supporting evidence, especially for proving intent or understanding between parties.
Yes. A supplementary MoU or addendum can be executed with mutual consent.
We provide:
- Drafting of clean, professional MoUs
- Vetting of existing MoUs
- Structuring terms for clarity & protection
- Guidance on stamping, legal enforceability, and next steps