What’s the Difference Between MOU and Agreement?

 What’s the Difference Between MOU and Agreement?” – Because Not Every Handshake Needs a Stamp Paper! 🤝📃😄

✨Client Question:
"Sir, should I sign an MOU or a formal agreement? What’s the actual difference?"

✅ Answer: Great question! Let’s break it down simply 👇
👉 MOU (Memorandum of Understanding) is like a friendly promise — it outlines intentions and broad terms but may not always be legally enforceable.
👉 Agreement is a formal contract — legally binding with all essential clauses, duties, and liabilities covered under the Indian Contract Act, 1872.

📌 MOU = Planning stage 🤔
📌 Agreement = Action stage 💪

🔍 When to use what?
✔️ Use an MOU for early-stage discussions, collaborations, joint ventures, or partnerships.
✔️ Use an Agreement for final commitments involving money, timelines, penalties, or deliveries.

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😂 “MOU is like dating… Agreement is marriage. Choose wisely!” 💍📜
“Because ‘we talked about it’ won’t hold in court — but a signed agreement definitely will!”

🙌 LEXIS AND COMPANY can help you draft both MOUs and formal contracts with precision, so you never have to rely on vague promises again! 💼⚖️

📞 Call: +91-9051112233
🌐 https://www.lexcliq.com

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