You can enter into MOU that 30 per cent would be paid now and 70 per cent after 2 months

2) time should be essence of contact

3) register the MOU

Provide forfeiture clause in the MOU that if balance payment not made within 2 months then 30 per cen t advance paid would be forfeited

Well, no dispute can be avoided by way of an agreement or a MOU.

Disputes are inetgralaprt of human conduct.

However agreement are made to minimize the damages.

There is no sample draft tot care of every kind of transfer .

Hence you better get in touch with an advocate and draft such an agreement.

While Making such agreement do make time fame to complete the sale an integral part of the agreement in default of which the deal would be cancelled and a part of the advance would be forfeited. This is often a good deterrent in premature cancellation of agreement.

MoU should be register as per registration act also include arbitration clause . MOU should be write in specific clauses like damages ,loss , time ,payment schedule times etc. very clearly and precisely.

It is better to enter into an agreement to sale with the buyer, instead of the MOU. Also, get the same duly registered and stamped.

Go ahead with an agreement to sell.

execute an agreement/MOU with the buyer and mention all the terms and conditions. it will be better if the agreement will be registered.

Feel Free to call

In any MOU there will be equal rights and liabilities on both the parties. Please get the MOU vetting and add necessary clauses to protect your interest in the property from any reputed Lawyer to be on the safer side.

Can one enter a 100% safe MOU with a investor/ developer by getting 30% of the total value of the property and the balance within 2 months? Is it advisable?

Yes it may be done. IF the remaining payment is not made then you can file a summary suit against him for recovery of the money

How can one safeguard. We don’t want to loose the buyer nor do we feel safe. How does one proceed.

You may enter into a MOU, usually parties do not default after signing a document.

Rgards

To suggest,please let me know the brief about the potential and model of your business.

Hi, the MOU is a registered undertaking by both the parties .. Any party violating the agreement , can be challenged in court ,, kindly share the MOU to review it , and guide you accordingly

Nothing is guaranteed.

Any such agreement entered into shall not be maintainable or enforceable in law.

This is another kind of taking things for granted and get cheated at the end

Better be cautious on the issues involved and understand the background before entering into any such lucrative investments.

How can one safeguard. We don’t want to loose the buyer nor do we feel safe. How does one proceed.

You can enter into an agreement which may be registered and also can obtain any collateral to confirm repayment