Document background
The MOU for Services is commonly used in Indian business practice as an initial step in formalizing service arrangements before proceeding to more detailed agreements. It is particularly valuable when parties want to document their understanding while maintaining flexibility or when the full terms of service are still being negotiated. This document type helps establish clear communication and basic commitments while avoiding the complexity of a full service agreement. The MOU typically includes essential elements such as scope of services, basic commercial terms, and fundamental obligations of each party, while being governed by Indian contract law. It serves as a useful tool for businesses to quickly commence relationships while detailed terms are being finalized, offering a balance between formality and flexibility.
