LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

newnimproved (CEO)     19 July 2013

Is the mou of a property legally enforceable?

What is the legal difference between an MOU and Sale Deed of a property?

 

I hear that  that MOU is liable to only Rs 500  stamp duty whereas Sale Deeds are liable to higher stamp duty. 

 

Is an MOU legally enforcebale?

 

Thanks.

 

 



Learning

 2 Replies

phani (2010)     19 July 2013

MOU covers under General law of contract and which is enforeciable only when it is valid contract and it enforceable through court of law, sale deed transfers obsulute ownership rights to buyer instead of approaching court. be clear for more information

Divya (nil)     23 July 2013

Hello Sir

 

Please go thru the b/m case to understand the legal meaning of an MOU & its also called as a 'Contingent Contract'

 

https://www.indiankanoon.org/doc/1041253/


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register