Nomenclature of the Document - Effect Of
Raja Sundarraman
(Querist) 30 December 2009
This query is : Resolved
Respected Learned friends , i am in process of drafting of an MOU the contents of which of a property management agreement in nature. I am of the POpinion that the nomenclature of the agreement /MOU is not in any way going to affect the rights and oblications of the parties thereto .The position being the the consideration received towards the rent of the property to be advanced by the property Manager to the Owner of the propertyby way of Gold in lieu of the payments.Hence, i name it MOU instead of Property Management Agreement. Please give your valuable opinion. With Regards.
R.R. KRISHNAA
(Expert) 30 December 2009
please see my reply in forum.
Ajay Bansal
(Expert) 30 December 2009
The evidenencial value of a MOU is no doubt less to an agreement,but still this document can not be ignorred.
Raj Kumar Makkad
(Expert) 30 December 2009
Your personal opinion is accurate and in the given matter, it shall be named as MOU.
