HR Knowledge

Free Letters

MOU Means Memorandum of Undertaking full form with format for example


 

Memorandum of Undertaking is basically the agreement done on mutual consent under certain terms and conditions.It is done for business partnership and on agreement of certain contracts.

It also indicates the common line of action between  the two parties. It is the beginning step of legal agreement.

Find below some Sample format of writing Memorandum of Undertaking:

 

 

DOWNLOAD FREE

pdf word

 

Memorandum of Undertaking (MOU)

Sample Format


 

I, (Name of the person) __________________, S/o (Father´s Name) Shri. _______________________, Aged_____ years, R/o _____________________________________ (Permanent address to be mentioned), pursuant to my selection & appointment as _____________________ at ________________________Unit, do hereby execute this Bond/ Memorandum of Undertaking (hereinafter referred to as MOU for convenience) in favour of M/s______________________________________ (hereinafter referred to as “Company” for convenience) and agree and hereby giving my full consent as follows

 

1. I therefore consent to serve the "Organization" in the position & salary offered to vide Offer letter Dated._____________ for a minimum period of 1 (ONE)

2. Year commencing from the date of execution of this MOU.

3. I do hereby agree to the existing rules and regulations of the “Company” and  rules and regulations framed / amended from time to time.

 4. I do hereby agree that during the said period of 2 (TWO) years I shall not leave     the “Company” for any reason whatsoever. I also agree that in the event

5. I intends to leave the “Company” for any reason whatsoever prior to the completion of the said minimum period of 2 (TWO) years from the date of execution of this MOU, I will compensate the “Company” by paying an amount equivalent to sum of “Six Months” total emoluments at the rate of emoluments last drawn by me.

6. I do hereby undertake that during the tenure of my working with the “Company”, I shall serve the “Company” faithfully and diligently, devote my whole

7. Time and shall comply with all directions and orders of the “Company” and / or its Officers and / or authorities under whom my services are placed by the

8. “Company” from time to time. Further I shall not divulge or disclose any of the secrets of the Company and engage myself and / or have any concern with

9. Any other firm / Company or business or organization at any time during the tenure of my service with the “Company”. In case I found guilty of committing

10. Insubordination, insult or disobedience to any of my superiors, gross neglect of work, non-performance, carelessness, damage of equipment, interfering with

11. The records of the “Company” etc., I shall be liable for any disciplinary action including dismissal by the “Company” and in such event the “Company “shall not

12. Liable to pay to me any compensation as mentioned in Clause 3 of this MOU.

13. I do hereby undertake to leave from the service of the “Company” if I found medically unfit to continue the service anymore and I will not be entitled for any compensation

14. I do hereby undertake that I am not entitled to leave the employment with any notice period during the period of minimum guaranteed service as per this  MOU and entitled to leave the employment by following the due procedure  prescribed in the terms & conditions of my appointment, only after serving the said minimum guaranteed period as per MOU.

15. I do hereby undertake that the relevant provisions of the Staff Rules and regulations of the “Company”, which are not contrary to what been expressly referred to in the present MOU, shall be binding on me.

16. I do hereby undertake that after completion of 1 (ONE) year of agreement, I shall be deemed to continue in service with the “Company” until termination by either side.

I declare that I am executing this MOU in favour of “Company” with my own will and consent in presence of the following witnesses on this  the _______ (date) day of ____________ (month) (year) at ______________ (place).

 

 

Signature

Witnesses (with address)

1.__________________

2.__________________

 

 

  • social share

Subscribe for Newsletter

LATEST JOBSView All

RELATED ARTICLES

05 Dec, 2023
HR Process
Measuring Onboarding Experienc...

Measuring Onboarding Experience for Performance Review Onboarding is a pivotal transitional phase, serving as the link between ...Read More

01 Dec, 2023
Career & Education
Starting a New Career

New Beginnings: Strategies for Starting a New Career  Introduction It can be exciting when you want to start a new career. ...Read More

29 Nov, 2023
Human Resource
Difference between HRD and HRM

Difference between HRD and HRM While HRM (human resource management) is an established and essential discipline within the real...Read More

20 Nov, 2023
Performance management
Best Performance Management Sy...

Best Performance Management System for Small Business and Startup Companies Small business companies and startups come across m...Read More

17 Nov, 2023
Human Resource
Integrating Work-Life Balance ...

Integrating Work-Life Balance to Support Talent Retention A health work-life balance is important for the well-being and job sa...Read More

19 Oct, 2023
HR software & Technology
Human Resource Software for Sm...

Best Human Resource Software for Small Business and Startups Running a business is not as simple as it seems to be. Situations ...Read More

13 Sep, 2023
Letter Writing
How to Write a 2 Week Notice &...

How to Write a 2 Week Notice & What Does it Means In a professional world, "Two weeks notice is a most commonly used term which...Read More

28 Jun, 2023
Jobs & Recruitment
Best Job Sites in India

Best Job Sites in India 2023 for Job search & Job Post In today's competitive job market, finding the right job can be a da...Read More

27 Jun, 2023
HR software & Technology
Mastering the Art of Virtual A...

Mastering the Art of Virtual Assistance: A Guide to Becoming a Successful Virtual Assistant In today digital age, the demand fo...Read More

23 Jun, 2023
Organization Culture
The Secret of Getting Honest E...

The Secret of Getting Honest Employee Feedback I was at a coffee shop with a friend. She started the conversation with: “I’...Read More

19 May, 2023
Human Resource
Looming Layoffs? Stay in Contr...

Looming Layoffs? Stay in Control with These Job Survival Strategies from Experts Are you feeling the heat at work? Are your col...Read More

26 Apr, 2023
Human Resource
Why Do Employees Leave Their J...

Why Do Employees Leave Their Jobs? The Resignation of employees quitting their jobs in search of power position and money conti...Read More