you need to share the some details like whether you want to go with JV or Partnership or PVT LTD, or LLP. Your place of business or operations, general terms and conditions to be followed by the parties, your commercial and legal terms and obligations. Based on this we can guide you further. Looking forward to work with you and for more advisory services kindly contact us on 9000129981 and can email us at: firstname.lastname@example.org
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Strictly speaking, parties have freedom in defining and creating an MoU depending on their commercial understanding and proposed business structure. The broad framework governing such Mou's, i.e. the law of contracts would depend on various factors, such as the location where the parties intend to commence business. The substantive framework would depend on the industry and sector in which the parties intend to operate the business and the nature and type of arrangement between them.
These are highly subjective aspects driven by commercial considerations and convenience to the parties, all of which would need to be assessed to provide a more comprehensive feedback.