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MEMORANDUM OF UNDERSTANDING (On Rs. 50 / Stamp paper) (To be signed in 3 copies, one for User Agency, one for Supplier and one for GED) This memorandum of understanding is made today on between M/s.
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Memorandum of understanding is a non-binding agreement between two or more parties outlining the terms and details of an understanding.
Memorandum of understanding is typically filed by organizations, institutions, or individuals entering into a partnership or cooperation agreement.
Memorandum of understanding can be filled out by clearly outlining the objectives, roles and responsibilities of each party, and any specific terms or conditions of the agreement.
The purpose of memorandum of understanding is to establish a framework for cooperation or partnership between parties, without creating a legally binding contract.
Information such as the names of the parties involved, the purpose of the agreement, the scope of cooperation, and any terms or conditions agreed upon must be reported on memorandum of understanding.
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