Document background
The MoU Between Company Directors is a essential corporate governance document used in the Indian business environment to formalize arrangements between directors of companies. This document is particularly relevant when directors need to establish clear parameters for cooperation, shared responsibilities, or joint ventures while maintaining compliance with Indian corporate law. It typically includes provisions for confidentiality, non-competition, roles and responsibilities, and dispute resolution mechanisms. The document must align with the Companies Act, 2013, SEBI regulations (if applicable), and other relevant Indian legislation. It's commonly used in situations involving cross-company collaboration, joint ventures, or when directors have interconnected business interests that require formal documentation. The MoU serves as a foundational document that helps prevent future disputes and ensures clear understanding of mutual obligations and expectations.
