[{"id":"1f65bba6-4708-40af-a500-5b49ac675a8d","order":1,"text":"MEMORANDUM OF UNDERSTANDING","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"a0d5cfd4-62a8-497d-9df4-0fb768e38dab","order":2,"text":"This Memorandum of Understanding is made on [Date of execution] at [Place of execution].","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"18e96f05-8706-4ce4-bfe4-96b0220d135f","order":3,"text":"BETWEEN","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"bd7eecc6-380b-4de0-a093-262043dd24a9","order":4,"text":"[Mr/Ms] [Full name of the First Party], [son/daughter/wife of] [Father's / husband's name], aged [Age] years, residing at [Residential address] (PAN: [PAN]),","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a company","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a partnership firm","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"555282d0-a25c-4b85-8adc-bd8a41117c22","order":5,"text":"[Name of the First Party], a company incorporated under the Companies Act, 2013, having its registered office at [Registered office address] (CIN: [CIN]; PAN: [PAN]), represented herein by its authorised signatory [Mr/Ms] [Name of authorised signatory], [Designation], duly authorised vide board resolution dated [Date of authorisation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"an individual","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a partnership firm","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"690b10a7-a748-4401-9db4-b1b9f6e4f107","order":6,"text":"M/s [Name of the First Party], a partnership firm constituted under the Indian Partnership Act, 1932, having its principal place of business at [Registered office address] (PAN: [PAN]), represented herein by its partner [Mr/Ms] [Name of authorised signatory], [Designation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"an individual","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a company","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"acf3bbb3-9f86-4952-825f-48c91dec4779","order":7,"text":"[Name of the First Party], a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008, having its registered office at [Registered office address] (LLPIN: [LLPIN]; PAN: [PAN]), represented herein by its designated partner [Mr/Ms] [Name of authorised signatory], [Designation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"an individual","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a company","type":"remove","operator":"="},{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"a partnership firm","type":"remove","operator":"="}]},{"id":"9bafeb61-ac1f-4781-ada6-d359d038f6ed","order":8,"text":"hereinafter referred to as the "First Party" (which expression shall, unless repugnant to the context or meaning thereof, be deemed to include its successors, permitted assigns and legal representatives), of the ONE PART;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"532e99eb-d2a6-4e15-bafb-c5222f2b7bb0","order":9,"text":"AND","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"6b8320ed-5bf9-4365-8152-b601cbaa657b","order":10,"text":"[Mr/Ms] [Full name of the Second Party], [son/daughter/wife of] [Father's / husband's name], aged [Age] years, residing at [Residential address] (PAN: [PAN]),","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a company","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a partnership firm","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"4f08990c-9d9d-4545-8bf6-8654ea6cf06c","order":11,"text":"[Name of the Second Party], a company incorporated under the Companies Act, 2013, having its registered office at [Registered office address] (CIN: [CIN]; PAN: [PAN]), represented herein by its authorised signatory [Mr/Ms] [Name of authorised signatory], [Designation], duly authorised vide board resolution dated [Date of authorisation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"an individual","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a partnership firm","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"c651c2fc-e75c-4774-a814-99cfd740ae0d","order":12,"text":"M/s [Name of the Second Party], a partnership firm constituted under the Indian Partnership Act, 1932, having its principal place of business at [Registered office address] (PAN: [PAN]), represented herein by its partner [Mr/Ms] [Name of authorised signatory], [Designation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"an individual","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a company","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a limited liability partnership","type":"remove","operator":"="}]},{"id":"9eee1f0f-a5f7-4274-842c-91092db04f89","order":13,"text":"[Name of the Second Party], a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008, having its registered office at [Registered office address] (LLPIN: [LLPIN]; PAN: [PAN]), represented herein by its designated partner [Mr/Ms] [Name of authorised signatory], [Designation],","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"an individual","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a company","type":"remove","operator":"="},{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"a partnership firm","type":"remove","operator":"="}]},{"id":"40f05122-dd7c-42d2-89f2-1713294aea8a","order":14,"text":"hereinafter referred to as the "Second Party" (which expression shall, unless repugnant to the context or meaning thereof, be deemed to include its successors, permitted assigns and legal representatives), of the OTHER PART.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"b1c7595d-586c-4df8-9715-bcee0c624115","order":15,"text":"The First Party and the Second Party are hereinafter individually referred to as a "Party" and collectively as the "Parties".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"e3e0e4df-a13f-4627-91c4-0e1c1582675c","order":16,"text":"WHEREAS:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"054620b3-40d4-4d5c-ab1a-6cfcc4cee43f","order":17,"text":"A. The First Party is engaged in the business of [Business / activity of the First Party]; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"b46276f1-b48f-4597-957a-4f802e514521","order":18,"text":"B. The Second Party is engaged in the business of [Business / activity of the Second Party]; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"094d19ac-6481-4a44-8496-28141662b5b2","order":19,"text":"C. The Parties have held discussions and have arrived at a mutual understanding in relation to [Subject matter of the proposed cooperation], and wish to record the broad terms of such understanding in this Memorandum of Understanding (the "MoU").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"4f589c49-f91d-439a-8afc-e713bd778148","order":20,"text":"NOW, THEREFORE, the Parties hereby record their mutual understanding as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"dbb38322-7b79-4692-8f0e-fbd4e0b50522","order":21,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S01"},{"id":"dbedad39-47a9-4615-b461-a18e9da79ffd","order":22,"text":"In this MoU, unless the context otherwise requires, the following expressions shall have the meanings set out below:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fe230746-f636-4552-8a4c-574956d6d818","order":23,"text":"(a) "Affiliate" means, in relation to a Party, any entity that directly or indirectly controls, is controlled by, or is under common control with, that Party;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1b5a2000-cf08-41fe-8acd-335b28f447ed","order":24,"text":"(b) "Applicable Law" means all laws, statutes, rules, regulations, notifications and orders in force in India and applicable to the Parties or to this MoU from time to time;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"aec8dc53-a14d-44fb-b9c8-a4786719ce54","order":25,"text":"(c) "Confidential Information" means any information disclosed by one Party (the "Disclosing Party") to the other (the "Receiving Party"), whether before or after the Effective Date and whether orally, in writing, electronically or in any other form, that is designated as confidential or that ought reasonably to be regarded as confidential, including the existence and contents of this MoU, business plans, technical data, know-how, customer and supplier information, and financial information;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"42f53613-8cd3-4344-ad6a-82aef150fcd1","order":26,"text":"(d) "Definitive Agreement" means any binding agreement or agreements that the Parties may execute to give effect to the cooperation contemplated under this MoU;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"db3c2765-be20-467e-bd46-8d3951d43eb5","order":27,"text":"(e) "Effective Date" means the date of execution first written above;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7f62eba5-9cb2-4dfa-9bef-9893cfe2a242","order":28,"text":"(f) "Personal Data" means personal data as defined under the Digital Personal Data Protection Act, 2023; and","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1fc51eb9-33a0-4780-924c-29a74606ad22","order":29,"text":"(g) "Purpose" means the purpose described in Clause 2 below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1f38f7d5-d60d-4949-9726-b05823d36671","order":30,"text":"In this MoU: (i) words importing the singular include the plural and vice versa; (ii) references to a clause are to a clause of this MoU; (iii) the headings are for convenience only and shall not affect its interpretation; and (iv) any reference to a statute includes any amendment or re-enactment thereof for the time being in force.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e2bc2ab9-7706-4020-b5e3-0b102a336396","order":31,"text":"2. PURPOSE AND OBJECTIVE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S02"},{"id":"498bd013-e5fe-4930-921f-03f62befaa2c","order":32,"text":"The purpose of this MoU is to set out the framework and the broad understanding between the Parties in relation to [Subject matter of the proposed cooperation] (the "Purpose"). The Parties intend to explore and, where mutually agreed, give effect to a cooperation whereby [Objective and intended outcome of the cooperation].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0048d0ff-c4a1-491c-a49b-a3a6d805ac5d","order":33,"text":"3. SCOPE OF COOPERATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S03"},{"id":"45bed448-2f19-465c-bfee-81b1be6e2f36","order":34,"text":"The scope of the cooperation contemplated under this MoU shall include the following: [Scope of the cooperation — describe the activities the Parties will undertake together].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5f563bc1-e8be-4abd-8b67-8ae781b910b7","order":35,"text":"The Parties acknowledge that the foregoing scope is indicative and may be expanded, varied or refined by mutual written agreement, including through one or more definitive agreements to be entered into between the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"34a3dc34-5334-4647-a846-c4cc2495371f","order":36,"text":"4. ROLES AND RESPONSIBILITIES OF THE PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S04"},{"id":"e5b98c3f-8985-4976-9eb3-229deab227b4","order":37,"text":"The First Party shall be responsible for: [Responsibilities and obligations of the First Party].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"857f2d48-7d32-4d6c-a4df-107bc6fa9096","order":38,"text":"The Second Party shall be responsible for: [Responsibilities and obligations of the Second Party].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f6a74e25-8d24-483e-9f73-446d651636d0","order":39,"text":"Each Party shall use reasonable endeavours to perform its respective responsibilities in good faith, with due diligence and in a timely manner, and shall designate a representative to act as the principal point of contact for the coordination of the activities under this MoU.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"03e8a27c-ac15-49d1-88de-34ceb85c38ea","order":40,"text":"5. FINANCIAL ARRANGEMENTS","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S05"},{"id":"905e7802-9fa4-45f9-ab14-b7ba16d0a9d7","order":41,"text":"Save as may be otherwise agreed in writing between the Parties, each Party shall bear its own costs and expenses incurred in connection with this MoU and the activities contemplated hereunder.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"767eb6e6-ee77-4651-860d-c31e1f400558","value":"own","type":"add","operator":"="}]},{"id":"1d9a5c18-7d28-4d19-b008-6a7c62af693b","order":42,"text":"The Parties shall share the costs and expenses incurred in connection with the activities contemplated under this MoU in the following manner: [Basis of cost / revenue sharing between the Parties]. Any expenditure exceeding the agreed thresholds shall require the prior written approval of both Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"767eb6e6-ee77-4651-860d-c31e1f400558","value":"share","type":"add","operator":"="}]},{"id":"57f1cdd6-e45c-44f8-a909-2bb29f76b29f","order":43,"text":"[Name of the funding Party] shall bear the costs and expenses in connection with the activities contemplated under this MoU, and the financial commitment of such Party shall not, save as otherwise agreed in writing, exceed [Maximum financial commitment (in INR)] (Indian Rupees).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"767eb6e6-ee77-4651-860d-c31e1f400558","value":"onefunds","type":"add","operator":"="}]},{"id":"68ca2c05-c5f0-41c3-9b70-86f7a3196682","order":44,"text":"Nothing in this clause shall constitute a binding commitment to incur any expenditure unless and until the same is recorded in a definitive agreement or a separate written instrument executed by the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"655c1d7e-e2cd-467a-bfa0-503cdc7cd5c4","order":45,"text":"6. TERM, COMMENCEMENT AND RENEWAL","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S06"},{"id":"6fb9595e-57c4-4a3e-aa75-723ff0b73eb4","order":46,"text":"This MoU shall come into effect on the Effective Date and, unless terminated earlier in accordance with the terms hereof, shall remain in force until [End date of the MoU].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"47f79d1e-2d04-4b5c-aade-b15c215411d8","value":"indefinite","type":"remove","operator":"="}]},{"id":"49fd2d19-221c-4fa2-a174-1fa2cb29587b","order":47,"text":"This MoU shall come into effect on the Effective Date and shall remain in force until terminated by either Party in accordance with the terms hereof.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"47f79d1e-2d04-4b5c-aade-b15c215411d8","value":"indefinite","type":"add","operator":"="}]},{"id":"89c58f50-09c4-4293-91c1-fe39e65a0c60","order":48,"text":"The Parties may, by mutual written agreement, extend or renew the term of this MoU for such further period and on such terms as they may agree.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3a0428dc-bc6f-439c-8006-99844c3b0c98","order":49,"text":"7. LEGAL EFFECT OF THIS MEMORANDUM","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S07"},{"id":"6591556f-68fb-4a9f-8b49-5f892a4a7dc1","order":50,"text":"This MoU records the present intention of the Parties and is intended to serve as a basis for further negotiations. Save in respect of the clauses expressly stated below to be binding, this MoU is NOT intended to be legally binding and shall not give rise to any enforceable obligation, liability or commitment on either Party. No binding obligation shall arise between the Parties unless and until a definitive agreement is executed by the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"non","type":"add","operator":"="}]},{"id":"3a0dbfdc-f693-4546-b4b2-63ef4e6082fb","order":51,"text":"Notwithstanding the foregoing, the clauses relating to Confidentiality, Intellectual Property, Legal Effect of this Memorandum, Governing Law and Dispute Resolution, and Notices shall be binding on and enforceable against the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"non","type":"add","operator":"="}]},{"id":"97591619-a02f-4023-91ce-9d6fe9cd03ba","order":52,"text":"This MoU is intended to be a legally binding agreement between the Parties and shall be enforceable in accordance with its terms and the applicable laws of India. Each Party shall perform its obligations hereunder in good faith.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"binding","type":"add","operator":"="}]},{"id":"364cc4bf-5da7-4b87-897b-630968e04c88","order":53,"text":"8. CONFIDENTIALITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S08"},{"id":"d4ec635a-b266-406d-898b-ae8602504004","order":54,"text":"Each Party shall keep confidential all Confidential Information of the other Party and shall not, without the prior written consent of the Disclosing Party, disclose the same to any third party or use it for any purpose other than the Purpose. The Receiving Party may disclose Confidential Information only to its directors, officers, employees, Affiliates and professional advisors who need to know it for the Purpose and who are bound by obligations of confidentiality no less stringent than those contained herein, and the Receiving Party shall remain responsible for any breach by such persons.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ec0a5296-d9e4-41bb-b197-f01bcda818e0","order":55,"text":"The obligations of confidentiality shall not apply to information which: (a) is or becomes publicly available otherwise than through a breach of this MoU; (b) was lawfully in the possession of the Receiving Party prior to its disclosure; (c) is lawfully received from a third party without any obligation of confidentiality; (d) is independently developed by the Receiving Party without reference to the Confidential Information; or (e) is required to be disclosed by Applicable Law, by any court of competent jurisdiction or by any regulatory or governmental authority, provided that the Receiving Party gives the Disclosing Party, where legally permissible, prompt prior written notice of such requirement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"25873bab-ef18-4079-b300-afc8ab93efcc","order":56,"text":"Upon the termination or expiry of this MoU, or upon the written request of the Disclosing Party, the Receiving Party shall promptly return or destroy all Confidential Information in its possession or control, save for one copy which may be retained solely for record-keeping or as required by Applicable Law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1c263e7d-0675-4d07-9940-32d903ef8fe3","order":57,"text":"Each Party acknowledges that any breach of this clause may cause irreparable harm for which monetary damages would not be an adequate remedy, and accordingly the Disclosing Party shall be entitled to seek injunctive or other equitable relief, in addition to any other remedies available at law. The obligations under this clause shall survive the termination or expiry of this MoU for a period of [Number of years confidentiality survives] years.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d07406a3-449b-45f9-8e24-0eb1bba09b16","order":58,"text":"9. INTELLECTUAL PROPERTY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S09"},{"id":"fcd0197d-ca65-4bce-8fee-af809134f66d","order":59,"text":"Each Party shall retain ownership of all intellectual property owned by it prior to the Effective Date or developed independently of this MoU. Nothing in this MoU shall be construed as transferring or assigning any intellectual property rights of one Party to the other. The ownership and treatment of any intellectual property jointly created in the course of the cooperation shall be determined by a separate written agreement between the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4daeb18f-5b10-4e28-b287-3457a2618885","order":60,"text":"10. DATA PROTECTION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S10"},{"id":"7cef7a77-8814-40b1-a1ac-64b8191994ab","order":61,"text":"To the extent that either Party shares or processes any Personal Data in connection with this MoU, each Party shall comply with the Digital Personal Data Protection Act, 2023 and all other Applicable Law relating to the protection of Personal Data. Each Party shall: (a) process such Personal Data only to the extent necessary for the Purpose; (b) implement reasonable security safeguards to protect it against unauthorised access, use or disclosure; (c) not retain it for longer than is necessary for the Purpose or as required by Applicable Law; and (d) promptly notify the other Party of any personal data breach affecting Personal Data shared under this MoU.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"edad9d29-0b36-427e-a469-905774dfa791","order":62,"text":"11. GOOD FAITH NEGOTIATION AND DEFINITIVE AGREEMENT","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S11"},{"id":"4a5982de-500e-42ad-95b8-790abb2d60cb","order":63,"text":"The Parties shall negotiate in good faith with a view to concluding, where mutually agreed, one or more Definitive Agreements recording the detailed terms of the cooperation contemplated under this MoU. Each Party acknowledges that, save to the extent expressly stated to be binding, no legal obligation to conclude any Definitive Agreement arises from this MoU, and each Party shall be responsible for its own costs incurred in connection with such negotiations.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e6afb5a2-69f6-4dd0-84d3-6c58076187ad","order":64,"text":"12. EXCLUSIVITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S12"},{"id":"c78ca4c8-b9b9-4375-a66d-8c95a6a7556a","order":65,"text":"During the term of this MoU, neither Party shall, in relation to the Purpose, enter into discussions, negotiations or arrangements with any third party that would be inconsistent with or prejudicial to the cooperation contemplated hereunder, without the prior written consent of the other Party.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a15eafc3-b18f-4449-81b5-d3429a0edf21","value":"yes","type":"add","operator":"="}]},{"id":"c0974886-ccd4-4fcf-b6d2-dbd8a346aa91","order":66,"text":"This MoU is non-exclusive. Each Party shall be free to enter into similar or other arrangements with any third party, and nothing herein shall restrict either Party from independently pursuing its own business interests.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"a15eafc3-b18f-4449-81b5-d3429a0edf21","value":"yes","type":"remove","operator":"="}]},{"id":"69ec95dd-feb6-41bb-8fa6-539753e88b98","order":67,"text":"13. RELATIONSHIP OF THE PARTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S13"},{"id":"b2b6e93f-96a4-44fc-a079-214abdd8cc16","order":68,"text":"Nothing in this MoU shall be deemed to constitute a partnership, joint venture, agency, employment or any other relationship between the Parties, other than that of independent parties cooperating in good faith for the Purpose. Neither Party shall have the authority to bind or incur any obligation on behalf of the other Party, or to hold itself out as having such authority, unless expressly authorised in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bc7ca410-000b-420e-afcc-a8964a9850f6","order":69,"text":"14. REPRESENTATIONS AND WARRANTIES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S14"},{"id":"50bb0449-a3c3-440a-b5af-bfac09724e79","order":70,"text":"Each Party represents and warrants to the other that: (a) it has the full power, authority and capacity to enter into this MoU and to perform its obligations hereunder; (b) the person executing this MoU on its behalf is duly authorised to do so; and (c) the execution and performance of this MoU does not and shall not contravene any law, contract or obligation binding upon it.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"cb17fbdb-bf70-441d-b448-aada53b628ac","order":71,"text":"15. ANTI-CORRUPTION AND COMPLIANCE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S15"},{"id":"e7bab1ea-259f-4e52-b5da-99737151eb57","order":72,"text":"Each Party shall comply with all Applicable Law relating to anti-bribery and anti-corruption, including the Prevention of Corruption Act, 1988. Neither Party shall, directly or indirectly, offer, promise, give or authorise the giving of any undue financial or other advantage to any person, including any public servant, in connection with this MoU or the Purpose. Each Party shall maintain adequate procedures designed to prevent any such conduct by itself and by persons acting on its behalf.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"73a78863-dfe4-4801-b8b9-48ea4ea90f8e","order":73,"text":"16. INDEMNITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S16"},{"id":"7390f59b-ec2b-4871-a4aa-502ba8d1c70a","order":74,"text":"Each Party (the "Indemnifying Party") shall indemnify and hold harmless the other Party from and against any direct losses, damages, liabilities, costs and expenses (including reasonable legal fees) suffered or incurred by the other Party arising out of any breach by the Indemnifying Party of the Confidentiality, Intellectual Property, Data Protection or Anti-Corruption obligations under this MoU.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"binding","type":"add","operator":"="}]},{"id":"7a219af6-4222-40d0-a545-628454fa34a4","order":75,"text":"As this MoU is not intended to be legally binding (save for the clauses expressly stated to be binding), the indemnity set out in this clause shall take effect only in respect of a breach of those binding clauses, or upon and to the extent recorded in a Definitive Agreement executed by the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"non","type":"add","operator":"="}]},{"id":"7b980be0-4465-42e7-852d-d841b7186d31","order":76,"text":"17. LIMITATION OF LIABILITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S17"},{"id":"b8cdb92e-1b73-4023-8966-733d74fc1bf5","order":77,"text":"Save in respect of breaches of the Confidentiality obligations, fraud, wilful misconduct or any liability that cannot be excluded under Applicable Law, neither Party shall be liable to the other for any indirect, incidental, special, punitive or consequential loss, or for any loss of profit, revenue, business, goodwill or anticipated savings, arising out of or in connection with this MoU.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"binding","type":"add","operator":"="}]},{"id":"d89e5c8c-89f2-443a-b129-f9a75468824b","order":78,"text":"As this MoU is not intended to be legally binding (save for the clauses expressly stated to be binding), the limitation of liability set out in this clause shall apply only in respect of those binding clauses, or upon and to the extent recorded in a Definitive Agreement executed by the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"71c8a523-e598-43fc-8bce-9bde22f35f3b","value":"non","type":"add","operator":"="}]},{"id":"885dcc1d-e25d-4da8-a6ad-1dc783cd8fc8","order":79,"text":"18. TERMINATION","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S18"},{"id":"2829131e-6986-47d7-98a9-eec64d4ef4da","order":80,"text":"Either Party may terminate this MoU at any time by giving not less than [Notice period for termination (in days)] days' prior written notice to the other Party. This MoU shall also stand terminated upon the execution of a definitive agreement superseding it, or upon the mutual written agreement of the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1b41a7e-4727-4e6e-a8c5-7fb9ef228dd5","order":81,"text":"Termination of this MoU shall be without prejudice to any rights or obligations that have accrued prior to the date of termination, and the clauses which by their nature are intended to survive (including Confidentiality, Intellectual Property, Data Protection, Anti-Corruption, Limitation of Liability, Governing Law and Dispute Resolution) shall continue in full force and effect notwithstanding such termination.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6f35f82b-b8ae-4898-bafa-d8a75b1be0cc","order":82,"text":"19. FORCE MAJEURE","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S19"},{"id":"dfa1a258-d8c8-43d3-966e-02044cac2528","order":83,"text":"Neither Party shall be liable for any failure or delay in the performance of its obligations under this MoU to the extent that such failure or delay is caused by an event beyond its reasonable control, including acts of God, natural calamities, fire, flood, epidemic, pandemic, war, civil unrest, governmental action or any change in law, provided that the affected Party notifies the other Party promptly and uses reasonable endeavours to mitigate the effects of such event.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"980edbc0-6a37-4caf-885c-4b5921e25058","order":84,"text":"20. 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The seat and venue of arbitration shall be [Seat / venue of arbitration (city)], and the language of the arbitration shall be English. The award of the arbitrator shall be final and binding on the Parties.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"05ae3adc-40f7-4ee8-91f0-6b96c0f70d32","value":"arbitration","type":"add","operator":"="}]},{"id":"178f6160-6f6d-4822-8540-1b5d1657eb64","order":87,"text":"If the dispute is not resolved amicably, the courts at [City whose courts have jurisdiction] shall have exclusive jurisdiction to adjudicate upon any matter arising out of or in connection with this MoU.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"05ae3adc-40f7-4ee8-91f0-6b96c0f70d32","value":"courts","type":"add","operator":"="}]},{"id":"97d2f0f3-1dd6-4cee-af99-24fc5a45f186","order":88,"text":"21. GOVERNING LAW","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S21"},{"id":"60e7af99-bc3b-4b08-a0f9-3dae4e0c5e25","order":89,"text":"This MoU shall be governed by and construed in accordance with the laws of India.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a4e4b7f6-8a3e-4437-9f0a-7a67130422be","order":90,"text":"22. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S22"},{"id":"c25d5fa9-bf27-48c7-98d0-3167ea6b1b6b","order":91,"text":"Any notice or communication required to be given under this MoU shall be in writing in the English language and shall be delivered by hand, by registered post with acknowledgement due, by reputed courier, or by electronic mail to the relevant Party at the address set out below (or to such other address or email as may be notified in writing):","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b27bf283-2a70-4871-a875-087e74be6f44","order":92,"text":"For the First Party — Attention: [Contact person — First Party]; Email: [Email for notices — First Party]; at the address of the First Party stated above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"7f363e2c-8e15-4715-8cd1-954071053082","order":93,"text":"For the Second Party — Attention: [Contact person — Second Party]; Email: [Email for notices — Second Party]; at the address of the Second Party stated above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8da252d4-4ff6-42cb-9a3b-2310aef3311e","order":94,"text":"A notice shall be deemed to have been received: if delivered by hand, at the time of delivery; if sent by registered post or courier, on the third business day after posting; and if sent by electronic mail, upon confirmation of successful transmission, provided that if such transmission occurs after normal business hours, the notice shall be deemed received on the next business day.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"548331df-a393-46e9-ba08-55ff01e45d34","order":95,"text":"23. PUBLICITY","fontSize":"16","textAlign":"left","bold":true,"underline":true,"marginBottom":"10","cflou":false,"active":true,"marginTop":"16","sectionNum":"S23"},{"id":"f9238608-2d44-417e-90cf-59a5c374702c","order":96,"text":"Neither Party shall issue any press release or make any public announcement relating to this MoU or its subject matter, or use the name, logo or trademark of the other Party, without the prior written consent of that other Party, except as may be required by Applicable Law or by any stock exchange or regulatory authority.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ebcd638f-b887-48c4-b3cd-393c2580148e","order":97,"text":"24. 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The Parties agree that this MoU may be executed by electronic signature and that an electronic record or electronic signature shall have the same legal validity and enforceability as a physical signature, in accordance with the Information Technology Act, 2000.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4a131bc1-9ead-4fab-aa0a-75e93b2cc750","order":108,"text":"IN WITNESS WHEREOF, the Parties have executed this Memorandum of Understanding on the day, month and year first hereinabove written.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true,"marginTop":"20"},{"id":"5d750b49-6149-4156-81f1-a3f5c2f7e272","order":109,"text":"For and on behalf of the First Party","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"360e1bae-f136-4acf-ad60-72acae0f370b","order":110,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"eb675ad2-10aa-4a9c-a7e6-1312ca1ea486","order":111,"text":"Name: [Name of signatory (First Party)]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"bed29587-4307-4c41-b85b-783d83917746","order":112,"text":"Designation: [Designation of signatory (First Party)]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"an individual","type":"remove","operator":"="}]},{"id":"d835fffe-9070-4f3d-a0e2-6da1d9a2d4ae","order":113,"text":"(First Party)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true,"displayConditions":[{"field":"70099e9c-0a87-4464-a957-bfe096170dc0","value":"an individual","type":"add","operator":"="}]},{"id":"9076ab02-f565-4b43-91d1-caba4665abb7","order":114,"text":"For and on behalf of the Second Party","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"30","cflou":false,"active":true},{"id":"ae8513dc-563f-45b0-92ba-1520b2978b5a","order":115,"text":"_______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"e60ea893-9f61-4f65-a3ed-3f82c0a1b99d","order":116,"text":"Name: [Name of signatory (Second Party)]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"d05ed89c-26c0-433c-90be-4e06c5622880","order":117,"text":"Designation: [Designation of signatory (Second Party)]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"an individual","type":"remove","operator":"="}]},{"id":"22e32f25-48ff-4705-86bb-c9d3123d98ff","order":118,"text":"(Second Party)","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"24","cflou":false,"active":true,"displayConditions":[{"field":"edb2fab9-4c9e-4952-a6f1-5627c6eff900","value":"an individual","type":"add","operator":"="}]},{"id":"3ec6b0f7-04ea-4ce6-b174-c3cdc112fb58","order":119,"text":"WITNESSES:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"14","cflou":false,"active":true,"marginTop":"10","displayConditions":[{"field":"cc629b7d-7633-4d50-bcb6-ecddac8232b7","value":"yes","type":"add","operator":"="}]},{"id":"97e742d6-76da-45b8-9479-9f991036c52c","order":120,"text":"Witness 1: _______________________________ Witness 2: _______________________________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"cc629b7d-7633-4d50-bcb6-ecddac8232b7","value":"yes","type":"add","operator":"="}]},{"id":"540e0491-e531-4e02-874e-31aca0e8399c","order":121,"text":"Name: [Name of Witness 1] Name: [Name of Witness 2]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"cc629b7d-7633-4d50-bcb6-ecddac8232b7","value":"yes","type":"add","operator":"="}]},{"id":"b6de788f-5cab-4b68-a5a4-1fa50a575309","order":122,"text":"Address: [Address of Witness 1] Address: [Address of Witness 2]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"cc629b7d-7633-4d50-bcb6-ecddac8232b7","value":"yes","type":"add","operator":"="}]}]