XXXXXXXXXXXXX (Complete name and address of the Husband) hereinafter referred to as “FIRST PARTY” This Memorandum of Understanding is made and executed on this ……. MEMORANDUM OF UNDERSTANDING (MOU) / SETTLEMENT AGREEMENT The terms and conditions of the MOU (Memorandum of Understanding)/ settlement agreement may vary case to case as per their facts in issues involved. Herein below a sample of draft of an MOU (Memorandum of Understanding)/ settlement agreement has been given for better understanding about the same. At the end of the mediation, when mediation is successful and parties are in agreement to dissolve their marriage by way of mutual divorce, so as per the mutual agreement of the parties, an MOU (Memorandum of Understanding)/ settlement agreement is prepared which are to be signed by the litigating parties, their witnesses as well as mediator. It is worthwhile to mention here that maximum cases arising out of the matrimonial disputes, ends through a process of settlement. Now almost in every Court have mediation centers and apart from it, in every Matrimonial Courts, a well trained counselor has also been appointed to assist the parties to get their matter settled amicably without going through in the long process of the cases which takes years to end the case. The settlement could be reached between the parties at any stage of the case and it can be done prior to the commencement of the case also but it is very rare as there is no proper platform where parties can be assisted /counselled in way where parties could settle their claims and disputes. Both ways are equally good and have equal legal value. Settlement can be done through a designated mediation centers established in the courts or by the assistance of their relatives, friends or respective counsels who are handling the cases of the parties, which called, out of court settlement. It has been seen that matrimonial cases generally culminate through a process of amicable settlement. FORMAT OF MEMORANDUM OF UNDERSTANDING (MOU) / MARRIAGE SETTLEMENT AGREEMENT
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