What’s the Difference Between MoU and Agreement?” – The Legal Love Letter or Marriage? 💍📜 #MoUvsAgreement #ContractsInIndia #LegalDocumentsExplained #StartupLaw #AgreementLawIndia #TopLegalFAQs One of the juiciest questions we get from clients is: “What’s the real difference between a Memorandum of Understanding (MoU) and an Agreement? Are they legally binding or just fancy paperwork?” 🤨📃 👉 Top Keywords: MoU India, Agreement Types, Legal Binding Documents, Business Contracts, Indian Contract Act, Enforceability ✅ Here’s the Simple Answer: Think of an MoU as a legal dating phase 💑 — both parties agree to collaborate but haven’t tied the knot yet. It reflects an intent to work together , not a firm commitment. But an Agreement? That’s full-blown shaadi 💒 — legally binding, enforceable in court, with terms and conditions that say “for better or worse.” #MoUExplained #LegalRelationships #IndianContracts #LawForStartups 📌 Main Differences: 🔸 MoU – Mostly non-bi...
Can I Add a Co-Founder Later in My Startup? Let’s Not Mess Up the Marriage! 👨💼💍👩💼 One of the most commonly asked questions from our ambitious startup clients is: 👉 “Can I add a co-founder later in my startup journey?” #StartupLaw #FounderAgreements #IndianStartupEcosystem #LegalAdvice #StartupIndia #Founders #LegalSupport #LexisAndCompany Here’s the deal — YES , you can add a co-founder later. But just like a marriage, it’s not just about feelings — it needs a solid prenup , aka a Founder’s Agreement . 😄📜 🧠 Legal Tip: If you're bootstrapped now and planning to add someone with equity or decision-making power, your Articles of Association , Shareholders’ Agreement , and Company Bylaws must be updated. Failing this, it’s like inviting someone to your house and forgetting to hand them the keys — chaos awaits! 🔑🏠 #StartupCompliance #CoFounders #EquitySplit #LegalDocuments #IndianLaw #StartupSupport #LexisLegalTips 🔥 Top Benefits of Doing It Right: ✔️ Clear division ...