MEMORANDUM OF UNDERSTANDING
ABC
ND
XYZ.
Re: ______________________Pvt.Ltd. THIS MEMORANDUM OF UNDERSTANDING made this day of __________between ABC having his office at____________, India hereinafter referred to as “ABC” (which expression and the expression “ABC Group” shall unless it be repugnant to the context or meaning thereof mean and include himself and the present other shareholders of ____________Pvt.Ltd. and their respective heirs, executors, administrators and assigns) of the One Part and MR. XYZ having his office at_______________. hereinafter referred to as “XYZ” (which expression and the expression “XYZ Group” shall unless it be repugnant to the context or meaning thereof be deemed to mean and include himself and his nominees to the extent specified herein and their respective heirs, executors, administrators and assigns) of the Second Part;
WHEREAS ABC is one of the founding shareholders and is Chairman and Director of a company incorporated in India known as __ Pvt.Ltd. hereinafter referred to as “the Company” which
is in the process of setting up an internet portal, relating to _______, known as
“______“;….
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