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Your MoU is valid and you can file a civil case against your relative based on this MoU. With the amount of information you have shared, it looks like the MoU contains all the clauses and you will get a quick relief from the court which will instruct your relative to follow the terms of the MoU. However, you will have to note that only second MoU is v...
Wazzeer Professional Network
ProfessionalRespected Sirs/Madam, I helped one of my relatives financially in getting all documentation and legal work done in getting approvals to start a petrol bunk in her name. Initially, before the application was filed to Bharat petrol bunk, we made an MOU and got the franking done in sub-registrar office on 20Rs stamp papers with terms and conditions that she should pay me 51% of profit quartley.
After Bharat petroleum approved the bunk and given Letter of Intent, my relative insisted to create another MOU with 50:50 profit ratio to be shared quarterly. New MOU created with her husband as one of the witnesse and franking did in sub-registrar office on a Rs. 500 stamp paper. the initial MOU was deliberately taken by my relative. I have the Original copy of the 2nd MOU. I have given cheques for ~8 lac and cash about 2lac which is mentioned with full details in MOU 2. Now, the Petrol bunk is starting in next 15 days. My relative is saying that she will give interest and some more money as a premium for the financial support I have provided but will not give the profit at all.. and will not go by MOU. She says that she can give money to 20 lawyers but not allow profit sharing. Kindly advice how to approach on this, please? Kindly let me know what the kind Justice in this regard.
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Wazzeer Professional Network
ProfessionalYour MoU is valid and you can file a civil case against your relative based on this MoU. With the amount of information you have shared, it looks like the MoU contains all the clauses and you will get a quick relief from the court which will instruct your relative to follow the terms of the MoU. However, you will have to note that only second MoU is valid and you cannot file the case based on the first MoU. The court decides the case based on the evidence produced and not the number of lawyers you hire.
To take this discussion forward, all you have to do is ->"Get your Wazzeer"
almost 5 years ago
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Respected Sirs/Madam, I helped one of my relatives financially in getting all documentation and legal work done in getting approvals to start a petrol bunk in her name. Initially, before the application was filed to Bharat petrol bunk, we made an MOU and got the franking done in sub-registrar office on 20Rs stamp papers with terms and conditions that she should pay me 51% of profit quartley.
After Bharat petroleum approved the bunk and given Letter of Intent, my relative insisted to create another MOU with 50:50 profit ratio to be shared quarterly. New MOU created with her husband as one of the witnesse and franking did in sub-registrar office on a Rs. 500 stamp paper. the initial MOU was deliberately taken by my relative. I have the Original copy of the 2nd MOU. I have given cheques for ~8 lac and cash about 2lac which is mentioned with full details in MOU 2. Now, the Petrol bunk is starting in next 15 days. My relative is saying that she will give interest and some more money as a premium for the financial support I have provided but will not give the profit at all.. and will not go by MOU. She says that she can give money to 20 lawyers but not allow profit sharing. Kindly advice how to approach on this, please? Kindly let me know what the kind Justice in this regard.
-
Wazzeer Professional Network
ProfessionalYour MoU is valid and you can file a civil case against your relative based on this MoU. With the amount of information you have shared, it looks like the MoU contains all the clauses and you will get a quick relief from the court which will instruct your relative to follow the terms of the MoU. However, you will have to note that only second MoU is valid and you cannot file the case based on the first MoU. The court decides the case based on the evidence produced and not the number of lawyers you hire.
To take this discussion forward, all you have to do is ->"Get your Wazzeer"
almost 5 years ago
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