Non-binding term sheet and memorandum of understanding, cover clause set
The choice between an agreement, a deed, a letter and a resolution is not a matter of formality: it changes the stamp article, whether registration bites, who has to sign, and in the case of a memorandum of understanding, whether the client is bound at all.
- 3 pages
- 40
- Word and PDF
- 14 September 2026
What it covers
- 1Non-binding term sheet and memorandum of understanding, cover clause setIndian Contract Act 1872 · Indian Stamp Act 1899
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
NON-BINDING TERM SHEET
(and Memorandum of Understanding as to the binding provisions in Part B)
THIS TERM SHEET is made at [Place of signing the term sheet] on this [Day of signing (e.g. 5th)] day of [Month of signing], [Year of signing].
Between
[Full legal name of the First Party], [First Party's constitution, statute and identifying number], having its [First Party's address type (registered office / residence)] at [First Party's address], acting through [First Party's signatory, designation and authority], hereinafter referred to as the “[Company / Seller]”;