Since stamp is a product and source of state revenue, stamp duty is only an absolute requirement if the agreement is brought before the state as evidence, such as before a court.
So if an underhanded agreement / deed is written without a stamp, the agreement is still valid and binding before the law. Article 1320 BW does not require a written agreement. In this case, stamp will not affect the validity of an agreement. Does this MOU require a stamped signature? Maybe some people still wonder about signing. In short, the MoU is the minutes of a negotiation.ĭon’t get confused about 3 business terms, because here there is an explanation of the differences between the MOU and the contract, and the agreement.Īfter discussing the differences in the MOU, agreements, and contracts. This MOU was generally carried out after negotiating, but because the parties were not ready to sign a contract, an MoU was drawn up as an initial bond. What is a pre-contract?Ī pre-contract is an initial agreement made by the parties involved before executing the actual contract. MOU stands for memorandum of understanding is a pre-contract. The term contract comes from English and is commonly used in business, because in business people rarely enter into verbal agreements. In article 1313 of the Indonesian Civil Code, it can be concluded that an agreement is an act that has legal consequences in the form of rights and obligations.Ī contract is an agreement that is made in writing because an agreement can also be made orally. These are the differences between the MOU and contracts and agreements, including the following:Īn agreement is an act that is carried out by one or more people which binds itself to one or more people. Differences in contracts and agreements, as well as the MOU. However, in these 3 terms there are differences that you should know. You must understand that in the business world there are terms of agreements, contracts and MOUs. Do you know about the difference between MOU and contract? How about agreement?Ĭheck this article to know more about these terms.ĭifferences Between Agreement, Contract, and MOU You must have heard about the terms agreement, contracts and MOU.
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