Dear Sir,
We had a small piece of land in Pune. Recently we signed an MOU for a land sale with a local person in Pune. The aggreement was in Marathi so we were not clear with the technical terms and language . It was discussed that the balance payment would be made in a months time. But now we found out that the time schdule for payment is not mentioned in the aggrement . The party has paid only a token amount and delaying the balace payment inspite of giving repeated reminders. Now two months are over . Will we be able to look for a new buyer ? Will this Intent aggrement stop us from selling our land to a other party. They have only notarised this MOU , does it have a legal binding ? Kindly advise at the earliest . Thank you . God Bless
