[Your Company/Name]

[Your Address]
[City, State, PIN]
[Email Address]
[Phone Number]
[Date]

XYZ BUILDERS
[Builder's Address]
[City, State, PIN]

Subject: Memorandum of Understanding (MoU) for Payment of Outstanding Dues

Dear XYZ BUILDERS,

This Memorandum of Understanding (MoU) is made and entered into as of [Date], between
[Your Company/Name], hereinafter referred to as the "Contractor," and XYZ BUILDERS,
hereinafter referred to as the "Client," collectively referred to as the "Parties."

Purpose:
The purpose of this MoU is to formalize the agreement for the payment of outstanding dues
related to the building construction activity executed by the Contractor for XYZ BUILDERS, in
accordance with the terms and conditions set forth below.

Outstanding Dues Details:

Total Outstanding Dues: [Enter the total outstanding amount in Indian Rupees (INR)].
Payment Terms:

Payment Deadline: The Client agrees to make the full payment of the outstanding dues, as
mentioned above, to the Contractor latest by 31st August 2023.
Mode of Payment: The payment shall be made via [Specify the preferred mode of payment,
e.g., bank transfer, cheque, etc.] in favor of the Contractor.

Acknowledgment of Payment: The Contractor shall provide a written acknowledgment to

the Client upon receipt of the payment.

Legal Action:
The Client acknowledges that failure to make the payment by the specified deadline, i.e.,
31st August 2023, shall be considered a breach of this MoU. In the event of such non-
payment, the Contractor reserves the right to take appropriate legal action in accordance
with the Indian Penal Code to recover the outstanding dues. Any legal proceedings or
actions arising out of or in connection with this MoU shall be subject to the exclusive
jurisdiction of the courts in [City].

Amendments:
Any modifications or amendments to this MoU shall be made in writing and signed by both
Parties.

Entire Agreement:
This MoU constitutes the entire agreement between the Parties concerning the subject
matter hereof and supersedes all prior negotiations, understandings, and agreements,
whether oral or written.

IN WITNESS WHEREOF, the Parties hereto have executed this Memorandum of

Understanding as of the date first written above.

Contractor:
[Your Company/Name]

Client:
[XYZ BUILDERS]