Can one party sue another on breach of memorandum of understanding?
Can one party sue another on breach of memorandum of understanding?
Yes.
This document 'Memorandum of Understanding' is valid instrument.
A suit can be brought against a defaulting party in a court of law if any of these clauses are breached. In an MoU, both parties should offer and accept each other's offer.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
