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Business Agreements & MOUs

Partnership deeds, founder agreements, NDAs, MOUs — the paperwork businesses run on.

Indian Contract Act + Partnership Act + LLP Act, 1872 / 1932 / 2008 · Formation & enforceability

Overview

Every business relationship deserves its document before the honeymoon ends: partnership deeds that fix capital, profit shares, drawings, and exit; founder/shareholder agreements covering vesting, roles, deadlock, and what happens when someone leaves; NDAs that are actually enforceable (scoped, time-bound, with real remedies); MOUs drafted deliberately as binding or non-binding — not the accidental half-contracts that spawn litigation; and vendor, service, distribution, and consultant agreements with payment and exit engineered. Drafted at formation, these cost a fraction of the disputes they prevent — a lesson our partnership-disputes page teaches the expensive way.

Key Provisions — Indian Contract Act + Partnership Act + LLP Act, 1872 / 1932 / 2008

  • Partnership deeds: capital, profit ratios, drawings, duties, admission/retirement, and dissolution mechanics — the Act's defaults apply to whatever you leave out.
  • Founder agreements: equity vesting with cliffs, IP assignment to the entity, roles, and exit/buyback — the startup-killer gaps closed.
  • MOUs are binding or not based on their language, not their title — we make the intent explicit either way.
  • NDAs need defined confidential information, carve-outs, term, and remedies; overbroad ones fail exactly when needed.

What You Can Get

Relationships documented before disputes
Exit & deadlock mechanics pre-agreed
IP and confidentiality secured
Enforceable, plain-language documents

How We Handle It

1

Relationship Mapping

Who contributes what, who owns what, who decides what, who exits how.

2

Draft

The agreement in plain language — every hard conversation had on paper now.

3

Review Rounds

All parties' comments negotiated to a fair final.

4

Execute & Register

Stamped, signed (eSign supported), and registered where required.

Typical timeline: Standard documents 2–5 days · founder/shareholder suites 1–2 weeks.

Frequently Asked Questions

We're three friends starting up — do we really need paperwork between US?

Especially between friends. The founder agreement is written precisely because you can't imagine the fight — vesting, IP, and exit terms decided now cost nothing; decided during a fallout they cost the company.

Is an MOU legally binding?

It depends entirely on what it says — payment terms and obligations make it a contract regardless of the 'MOU' label. We draft yours to be clearly binding or clearly not, so nobody discovers the answer in court.

Legal Connect connects you with independent advocates; we are not a law firm and this page is general information, not legal advice. Documents are drafted by empanelled advocates with eSign supported.

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