MOU or MPA, page-2

I think everyone needs a cooler head regarding the whole MPA vs MoA argument.
Here's my take on the situation:

This deal is between two Indian PSU's and one very small Australian minnow. We've had to form an Indian company in order to get this far so isn't it fair to say the agreement is being done on Indian terms, i.e. based on Indian law?

So with that, go and have a quick read of:
1. https://www.myadvo.in/blog/understanding-the-legality-of-memorandum-of-understanding/
2. https://speakingthreads.org/2016/02...ysis-of-legality-and-enforceability-in-india/

Then think about what we have in the agreement that may or may not constitute as requirements of a legally binding contract. I dare say you may come to the conclusion that we have a legally binding agreement, just using Indian nomenclature.