I do hereby undertake to leave from the service of the “Company” if I found medically unfit to continue the service anymore and I will not be entitled for any compensationġ4. Liable to pay to me any compensation as mentioned in Clause 3 of this MOU.ġ3. The records of the “Company” etc., I shall be liable for any disciplinary action including dismissal by the “Company” and in such event the “Company “shall notġ2. Insubordination, insult or disobedience to any of my superiors, gross neglect of work, non-performance, carelessness, damage of equipment, interfering withġ1. Any other firm / Company or business or organization at any time during the tenure of my service with the “Company”. Further I shall not divulge or disclose any of the secrets of the Company and engage myself and / or have any concern withĩ. Time and shall comply with all directions and orders of the “Company” and / or its Officers and / or authorities under whom my services are placed by theĨ. I do hereby undertake that during the tenure of my working with the “Company”, I shall serve the “Company” faithfully and diligently, devote my wholeħ. I intends to leave the “Company” for any reason whatsoever prior to the completion of the said minimum period of 2 (TWO) years from the date of execution of this MOU, I will compensate the “Company” by paying an amount equivalent to sum of “Six Months” total emoluments at the rate of emoluments last drawn by me.Ħ. I do hereby agree that during the said period of 2 (TWO) years I shall not leave the “Company” for any reason whatsoever. I do hereby agree to the existing rules and regulations of the “Company” and rules and regulations framed / amended from time to time.Ĥ. Year commencing from the date of execution of this MOU.ģ. I therefore consent to serve the "Organization" in the position & salary offered to vide Offer letter Dated._ for a minimum period of 1 (ONE)Ģ. _, Aged_ years, R/o _ (Permanent address to be mentioned), pursuant to my selection & appointment as _ at _Unit, do hereby execute this Bond/ Memorandum of Undertaking (hereinafter referred to as MOU for convenience) in favour of M/s_ (hereinafter referred to as “Company” for convenience) and agree and hereby giving my full consent as followsġ. I, (Name of the person) _, S/o (Father´s Name) Shri. Memorandum of Undertaking (MOU) Sample Format ➱ Order Of Withholding Annual Increment.➱ Order Of Imposing Fine As a Punishment.Also, it should provide for the circumstances in which such memorandum will be terminated. DURATION AND TERMINATION:The memorandum should specify the duration of such an agreement between the parties i.e the beginning and the ending dates of the memorandum. The role, responsibilities, and remuneration should also be mentioned.Ĩ. PURPOSE:It should clearly specify the purpose and the goals for which the memorandum is being signed.ħ. MANAGEMENT: The memorandum may provide for the appointment of the persons to take care of the day to day operations of the program. BASIC DETAILS: It should specify the name & other details of the parties between whom memorandum of understanding is being signed.Ħ. SHORT PROCEDURE: To draft a MOU is very short and easy procedure it does not require permission of any of the authority as well as any other person except the parties to the MOU.ĥ. FUTURE ORIENTED: In some MOU the terms and conditions are mentioned regarding the future business plans so it will help you to plan as per the terms and conditions are already mentioned in the MOU.Ĥ. TERMS AND CONDITIONS: In memorandum of association some terms and conditions are mutually agreed between the parties so it will help the parties to provide certainty in case of dispute.ģ. Software development Agreement (Drafting)ġ. UNDERSTANDING: Memorandum of understanding create a legal obligation and legal right so the memorandum of understanding is legally enforceable document if it fulfill the essential of contract.Ģ.Intellectual Property Assignment Agreement (Drafting).Leave and License Agreement for Flat (Drafting).Commercial Leave & License Agreement (Drafting).Non-Executive Appointment Letter (Drafting).Website Terms And Conditions (Drafting).Website Design and Development Agreement.Mobile Application Development Agreement. Invention Assignment Agreement (Drafting).Maintenance and Support Agreement (Drafting).Software Distribution Agreement (Drafting).Intellectual Property Transfer Agreement.Registered Office Verification(active form INC-22A).Digital Signature Certificate (DSC Token).Employee State Insurance (ESI) Registration.Register Nidhi (Mutual Benefit) Company.Propriertorship Registration / Shop Act.
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