The Memorandum Of Understanding Between Supplier And Buyer is a crucial preliminary document used in Indian business contexts when parties wish to formalize their intention to enter into a business relationship without immediately creating binding obligations. This document is particularly valuable during the negotiation phase of supplier-buyer relationships, providing a structured framework for further discussions while protecting confidential information exchanged during negotiations. It typically includes provisions for the scope of cooperation, basic terms of engagement, and any exclusivity arrangements, while maintaining flexibility for the parties to develop more detailed agreements. The MoU's jurisdiction under Indian law ensures compliance with local legal requirements, including the Indian Contract Act, 1872, and other relevant commercial legislation. It serves as a roadmap for the development of future binding agreements while documenting the parties' preliminary understanding and intentions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Detailed identification of the supplier and buyer entities, including registered addresses and company registration numbers
2. Background: Context of the business relationship and purpose of the MoU
3. Definitions: Key terms used throughout the document defined for clarity
4. Scope of Cooperation: Overview of the intended business relationship and general obligations of each party
5. Term and Termination: Duration of the MoU and circumstances under which it can be terminated
6. Confidentiality: Obligations regarding protection of confidential information exchanged
7. Non-Binding Nature: Clear statement that the MoU is not legally binding except for specific clauses
8. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
9. Notices: Process and contact details for formal communications between parties
10. Entire Understanding: Confirmation that the MoU represents the complete understanding between parties
1. Exclusivity: Used when parties want to establish exclusive dealing arrangements during the MoU period
2. Intellectual Property Rights: Include when sharing of intellectual property is anticipated
3. Regulatory Compliance: Required for heavily regulated industries or when specific compliance requirements exist
4. Cost Sharing: Include when parties need to specify how costs during the MoU period will be allocated
5. Performance Metrics: Used when parties want to establish preliminary KPIs or performance expectations
6. Due Diligence: Include when preliminary investigations or audits are part of the relationship
7. Dispute Resolution: detailed dispute resolution procedures, including mediation or arbitration processes
8. Force Majeure: Include when parties want to address unforeseen circumstances affecting performance
1. Schedule 1 - Initial Product/Service List: Preliminary list of products or services to be supplied
2. Schedule 2 - Pricing Framework: Indicative pricing structure or methodology
3. Schedule 3 - Timeline: Proposed timeline for moving from MoU to definitive agreement
4. Schedule 4 - Contact Details: Key contact persons and their details for both parties
5. Appendix A - Compliance Requirements: Any specific regulatory or industry compliance requirements
6. Appendix B - Technical Specifications: Preliminary technical requirements or specifications
Relevant legal definitions
Affiliate
Agreement
Applicable Law
Business Day
Buyer
Confidential Information
Definitive Agreement
Delivery
Effective Date
Force Majeure Event
Intellectual Property Rights
Material Adverse Effect
MoU
Party/Parties
Products
Purchase Order
Quality Standards
Representatives
Services
Specifications
Supplier
Term
Territory
Working Hours
Agreement
Applicable Law
Business Day
Buyer
Confidential Information
Definitive Agreement
Delivery
Effective Date
Force Majeure Event
Intellectual Property Rights
Material Adverse Effect
MoU
Party/Parties
Products
Purchase Order
Quality Standards
Representatives
Services
Specifications
Supplier
Term
Territory
Working Hours
Clauses
Parties
Definitions
Background
Scope of Cooperation
Non-Binding Nature
Confidentiality
Exclusivity
Term and Duration
Termination
Regulatory Compliance
Intellectual Property
Representations and Warranties
Force Majeure
Costs and Expenses
Notices
Assignment
Severability
Entire Understanding
Amendment
Governing Law
Dispute Resolution
Good Faith Negotiations
No Partnership
Counterparts
Authority
Non-Solicitation
Due Diligence
Publicity
Further Assurance
Definitions
Background
Scope of Cooperation
Non-Binding Nature
Confidentiality
Exclusivity
Term and Duration
Termination
Regulatory Compliance
Intellectual Property
Representations and Warranties
Force Majeure
Costs and Expenses
Notices
Assignment
Severability
Entire Understanding
Amendment
Governing Law
Dispute Resolution
Good Faith Negotiations
No Partnership
Counterparts
Authority
Non-Solicitation
Due Diligence
Publicity
Further Assurance
Relevant Industries
Manufacturing
Retail
Technology
Automotive
Healthcare
Construction
Agriculture
Electronics
Textiles
Food and Beverage
Pharmaceuticals
Information Technology
Telecommunications
Energy
Chemical
Relevant Teams
Procurement
Legal
Supply Chain
Operations
Finance
Commercial
Business Development
Vendor Management
Strategic Sourcing
Contract Administration
Relevant Roles
Procurement Manager
Supply Chain Director
Chief Procurement Officer
Vendor Relations Manager
Commercial Director
Business Development Manager
Contract Manager
Legal Counsel
Operations Manager
Category Manager
Strategic Sourcing Manager
Chief Financial Officer
Managing Director
Purchase Officer
Supplier Relationship Manager
Find the exact document you need
Mou Funding
An Indian law-governed preliminary agreement outlining the terms and conditions of a proposed funding arrangement, including financial support framework and key obligations.
find out more
Mou For Services
An Indian law-governed preliminary agreement outlining basic terms and conditions for service provision between parties, serving as a framework for future detailed arrangements.
find out more
Mou For Business Development
An Indian-law governed preliminary agreement outlining terms and framework for business collaboration between parties, serving as a foundation for future business development activities.
find out more
Memorandum Of Understanding (Real Estate)
A preliminary agreement under Indian law outlining key terms and conditions for real estate transactions, serving as a framework for future definitive agreements.
find out more
Real Estate Memorandum Of Agreement
A preliminary property transaction agreement under Indian law that outlines terms and conditions between parties before the final sale deed.
find out more
Mou For Contract Work
An Indian law-governed preliminary agreement outlining terms and conditions between a service recipient and contractor for specific project or service delivery.
find out more
Memorandum Of Understanding Between Two Ngos
An Indian law-governed agreement establishing collaboration framework between two NGOs, defining partnership terms and compliance requirements.
find out more
Mou Between Two Companies
An Indian law-governed preliminary framework document outlining intended cooperation between two companies, setting expectations and responsibilities while maintaining flexibility for future detailed agreements.
find out more
Mou For Service Agreement
An Indian law-governed preliminary document outlining the basic understanding between parties regarding service provision, serving as a precursor to a detailed service agreement.
find out more
Mou License Agreement
An Indian law-governed MOU License Agreement establishing preliminary terms for licensing intellectual property or technology between parties.
find out more
Mou And Contract
A combined MOU and Contract document under Indian law that establishes both preliminary understanding and binding contractual obligations between parties.
find out more
Memorandum Of Understanding For Sponsorship
An Indian law-governed preliminary agreement outlining sponsorship terms between sponsors and sponsored entities, establishing key rights, obligations, and financial commitments.
find out more
Memorandum Of Agreement For Research Collaboration
An Indian law-compliant agreement establishing terms and conditions for research collaboration between multiple parties, including IP rights, confidentiality, and operational frameworks.
find out more
Mou Financial Arrangement
An Indian jurisdiction MOU outlining preliminary terms and framework for financial arrangements between parties, serving as a foundation for detailed financial agreements.
find out more
Memorandum Agreement Between Two Parties
An Indian law-governed binding agreement that documents terms and conditions between two parties, suitable for various business arrangements and partnerships.
find out more
Mou Investment Agreement
An Indian law-governed preliminary agreement outlining key terms and conditions for a proposed investment transaction.
find out more
Mou For Sale Of Property
An Indian law-compliant preliminary agreement outlining terms and conditions for a property sale transaction between buyer and seller, serving as a precursor to the final sale deed.
find out more
Mou Distribution Agreement
An Indian law-governed MOU outlining preliminary terms and conditions for a distribution relationship between supplier and distributor.
find out more
Memorandum Of Understanding Share Purchase
An Indian law-governed preliminary agreement outlining key terms and conditions for a proposed share purchase transaction, serving as a framework for detailed negotiations and final documentation.
find out more
Memorandum Of Intention
An Indian law-governed preliminary document outlining parties' intentions and basic terms for a future formal agreement, with limited binding provisions.
find out more
MOU For IT Services
An Indian law-governed preliminary agreement outlining the framework for IT service delivery between a service provider and client, establishing key terms and commercial understanding.
find out more
Mou For Real Estate Broker
An Indian law-compliant agreement establishing the terms and conditions between a property owner and real estate broker, governed by RERA.
find out more
Mou Between Builder And Purchaser
An Indian law-compliant preliminary agreement between a builder and property purchaser outlining key terms and conditions for property purchase.
find out more
Mou Between Company Directors
An Indian law-governed agreement establishing terms of cooperation and responsibilities between company directors, ensuring compliance with the Companies Act, 2013.
find out more
Memorandum Of Agreement For Stakeholders
An Indian law-governed agreement establishing rights, obligations, and relationships between company stakeholders, ensuring protected interests and efficient corporate governance.
find out more
Mou For Purchase Of Goods
An Indian law-governed preliminary agreement outlining the framework and key terms for a proposed goods purchase transaction between parties.
find out more
Mou For Property Sharing
An Indian law-compliant agreement establishing terms and conditions for sharing property ownership, usage rights, and responsibilities between multiple parties.
find out more
Memorandum Of Understanding Financial Services
An Indian law-governed preliminary agreement establishing cooperation frameworks between financial services entities, subject to RBI and banking regulations.
find out more
Memorandum Of Agreement Between Agents
An Indian law-governed agreement establishing and regulating the principal-agent relationship, defining authority, responsibilities, and operational terms.
find out more
Mou Between Employee And Employer
An Indian jurisdiction MoU that establishes the basic terms and conditions between an employer and employee, ensuring compliance with local labor laws while protecting both parties' interests.
find out more
Memorandum Of Administrative Arrangement
An Indian jurisdiction document establishing administrative cooperation between government departments and public sector organizations, governed by Indian administrative law.
find out more
Memorandum Of Understanding For Consultancy Services
An Indian law-governed document establishing the terms and framework for consultancy services between parties, combining legal enforceability with operational flexibility.
find out more
Mou For Investment In Business
A preliminary agreement under Indian law outlining key terms and conditions for a proposed business investment, serving as a framework for future definitive agreements.
find out more
Memorandum Of Understanding For Profit Sharing
An Indian law-compliant document establishing profit-sharing terms and conditions between multiple parties, including calculation methods and distribution mechanisms.
find out more
Memorandum Of Understanding For Company Takeover
A preliminary agreement under Indian law outlining the framework and key terms for a proposed company takeover, including both binding and non-binding provisions.
find out more
Memorandum Of Understanding Between Nonprofit Organizations
An Indian law-compliant framework document establishing collaboration terms between nonprofit organizations, outlining partnership objectives and operational procedures.
find out more
Tripartite Memorandum Of Agreement
An Indian law-governed agreement establishing a formal three-way relationship between parties, defining their respective rights and obligations.
find out more
Memorandum Of Understanding Real Estate Development
An Indian law-governed preliminary agreement outlining the framework for cooperation in real estate development projects.
find out more
Memorandum Of Understanding For Share Transfer
An Indian law-governed preliminary agreement outlining terms and conditions for the transfer of shares between parties, serving as a precursor to the final share transfer deed.
find out more
Memorandum Of Understanding Between Supplier And Buyer
An Indian law-governed MoU establishing preliminary terms between supplier and buyer, serving as a framework for future detailed agreements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)