bondreshabda
15 February 2008 at 14:23
Is there any difference between MOU and an Agreement.
Vinod Kaul
14 February 2008 at 09:15
Respected Members,
Hope all is well from your end
I have a problem and need some good advice from all of you
I have sold my flat on 3/12/2007 as per the sale agreement the flat was valued at 33.50 lacs and the buyer paid RS 10.Lacs as earnest and balance money was to be paid on or before 3/2/2008 but the problem is the buyer has not paid the money at the stipulated date and he has lost is job and unable to get housing loan now he is avoiding me when i tell him to cancell the deal he refuses on the second part i have purchased the flat i have to pay the money to seller on situplated date or else he will forefiet the whole amount
now i am in fix
please advice what to do
awaiting for your reply
vinod
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MOU and an Agreement
Is there any difference between MOU and an Agreement from the point of its enforceability in the court of law.