Each party agrees to indemnify, defend and hold harmless the other to the fullest extent permitted by law from and against any and all demands, claims, actions, liabilities, losses, damages, and costs, including reasonable attorney’s fees, arising out of or resulting from the indemnifying party’s acts or omissions related to its participation under this Memorandum of Agreement, and each party shall bear the proportionate cost of any damages attributable to the fault of such party, its officers, agents, employees and independent contractors. Each party takes legal and financial responsibility for the actions of its respective employees, officers, agents, representatives and volunteers. Download Black by ClearTax App to file returns from your mobile phone.It is mutually understood and agreed by and between the parties that:ġ. Our experts suggest the best funds and you can get high returns by investing directly or through SIP.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Clear can also help you in getting your business registered for Goods & Services Tax Law. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.ĬAs, experts and businesses can get GST ready with Clear GST software & certification course. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Just upload your form 16, claim your deductions and get your acknowledgment number online. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.Įfiling Income Tax Returns(ITR) is made easy with Clear platform. It should not be relied upon for such purposes or used as a substitute for legal advice from an attorney licensed in your state.Ĭlear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. The information presented on this site does not constitute legal or professional advice. No attorney-client relationship is created when you access or use the site or the materials. Signed with dates: Once the MOU is prepared and agreed upon by parties involved, it should be signed and dated by the authorized individuals representing each party or organization.ĭisclaimer: The materials provided herein are solely for information purposes.The role, responsibilities, and remuneration should also be mentioned. Management: The memorandum may provide for the appointment of the persons to take care of the day to day operations of the program.The financial record keeping of the assignment/program being undertaken should also be maintained. It should also mention the person authorized to make the major financial decisions. Financial considerations: The memorandum should specify the amount of capital contribution to be made by the parties.For instance, parties can decide to meet at least once a quarter. Meeting and reporting: It should specify the plan for the meetings between the parties.Also, it should provide for the circumstances in which such a memorandum will be terminated. Duration: The memorandum should specify the duration of such an agreement between the parties i.e the beginning and the ending dates of the memorandum.Purpose: It should clearly specify the purpose and the goals for which the memorandum is being signed.Identify the parties: It should specify the name of the parties between whom the memorandum of understanding is being signed.Download Now Major Contents of Memorandum of UnderstandingĪ Memorandum of Understanding should have the following features:

Mou sample