This Business Memorandum of Understanding (MOU) outlines the agreement between two parties for a joint business venture. It establishes the framework for collaboration, investment, and profit-sharing while ensuring transparency and mutual understanding. Key features include:

• Parties Involved: Identifies the First and Second Parties with their personal and official details.
• Business Objective: Joint establishment of a play school with a specified location and purpose.
• Investment Details: Equal investment ratio (50:50) by both parties, amounting to ₹9,00,000/- in total.
• Profit & Loss Sharing: Clear agreement on sharing profits and losses in equal proportion, with detailed terms for financial accountability and reporting.
• Operational Roles: Responsibilities for business operations, including staffing, maintenance, and statutory compliance.
• Termination & Transfer Clauses: Terms for exiting the agreement, including a three-month notice and preference for internal transfer of shares before third-party sales.
• Audit & Transparency: Regular auditing of accounts to ensure fairness and transparency.

This document is a vital tool for fostering a structured partnership while minimizing disputes.

Note:
We recommend consulting a legal expert to customize this document to fit your specific business requirements and jurisdiction.