MEMORANDUM OF UNDERSTANDING
(MoU Reference No: /_________/)
Date: 20.08.2025
MOU Between Buyer and Seller for Gold Bullion Procurement
This Memorandum of Understanding (MoU) formalizes the mutual agreement and obligations between
the following parties:
SELLER
Name:
Company:
Registered Address:
BUYER
Company:
Authorized Signatory:
PURPOSE
To establish a long-term business relationship concerning the procurement and supply of gold bullion
bars (999.5%).
KEY TERMS
• Total Quantity Agreed: 24MT over 1 year
• Initial Lot: 500 kgs
• Proposed Weekly Quantity: 500kg X 3 times weekly
• Purity: 999.5%
• Packaging: 25 kg per box, each bar shall be 1 kilogram in weight, or as available in the bank on
the date of Purchase
• Price: As per prevailing Mumbai Bullion gold rates minus agreed discount
MODE OF PAYMENT
• RTGS for first order and RTGS / LC for further orders
DELIVERY TERMS
• Delivery Location: Chennai
• First Delivery: Within 1-2 bank working day after submission of all the below documents and
Subject to approval by concern authorities.
• Attested bank statement with seal and signature of bank manager
• Company GST and ROC documents with complete KYC
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• Final physical verification of the material at bank before release of payment
CONFIDENTIALITY
Both parties agree to maintain strict confidentiality regarding all aspects of this transaction, including
pricing, logistics, and any intermediaries involved.
NON-CIRCUMVENTION & EXCLUSIVITY
• Both parties agree not to engage with or disclose any third-party intermediaries, brokers, or
facilitators who are not officially part of this MoU.
• Any attempt to bypass, circumvent, or deal indirectly with contacts introduced by either party
shall be considered a breach.
• This clause remains valid for one (1) year from the date of signing.
• Breach of this clause will result in legal action and financial penalties, including compensation
for lost business and damages.
VALIDITY & LEGAL STANDING
• This MoU is valid for one (1) year or until all obligations are fulfilled, further one year will be
added upon mutually agreed.
• It may be updated or renewed upon mutual written consent.
• This MoU is governed by the laws of India, and any disputes shall be subject to the jurisdiction
of courts in Chennai, Tamil Nadu.
TERMINATION:
Either party may terminate this MoU with 30 days’ written notice, provided all pending obligations are
settled.
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SIGNATURES:
SELLER Name:
Company:
Registered Address:
Signature: ____________________ Seal
Date: ________________________
BUYER
Company:
Authorized Signatory:
Signature: ____________________ Seal
Date: ________________________
WITNESSES
Witness 1
Name: ___________________________
Address: _________________________
Signature: ________________________
Date: ____________________________
Witness 2
Name: ___________________________
Address: _________________________
Signature: ________________________
Date: ____________________________
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INTERNATIONAL CHAMBER OF COMMERCE (I.C.C 400/500/600) http://www.iccwbo.org/
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
CONFIDENTIALITY AGREEMENT
BY AND BETWEEN: Buyer and Seller mandates and the following parties signing this agreement.
DATED:
CONTRACT CODE :
SELLER’S TRANSACTION CODE :
SELLER’S CODE :
BUYER’S CODE :
TYPE OF CONTRACT : Gold Bullion Bars Purchase
PRICE : .00 INR
PRODUCT ORIGIN : Africa or any
CONTRACT QUANTITY : KGS ( KGS per week)
CONTRACT PERIOD : 1 Year
PAYMENT TERM : RTGS
SELLER’S NAME :
SELLER’S SIDE MANDATES :
BUYER’S NAME :
1.
BUYER’S SIDE MANDATES :
2.
CONTRACT RELEASED DATE :
WHEREAS the undersigned wish to enter into this Agreement to define certain parameters of the future
legal obligations, are bound by a duty of Confidentiality with respect to their sources and contacts. This
duty is in accordance with the International Chamber of Commerce.
WHEREAS the undersigned desire to enter a working business relationship to the mutual and common
benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures,
trading partners, and other associated organizations (hereinafter referred to as “Affiliates”).
NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other
good and valuable considerations, the receipts of which is acknowledged hereby, the parties hereby
agree as follows:
1. TERMS AND CONDITIONS
A. The parties will not in any manner solicit, nor accept any business in any manner from sources or
their affiliates, which sources were made available through this agreement, without the express
permission of the party who made available the source and,
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B. The parties will maintain complete confidentiality regarding each other business sources and/or
their Affiliates and will disclose such business sources only to the named parties pursuant to the
express written permission of this party who made available the source, and,
C. That they will not in any of the transactions the parties are desirous of entering into and do, to the
best of their abilities assure the other that the transaction codes established will not be affected.
D. That they will not disclose names, addresses, e-mail address, telephone and tele-fax or telex
numbers, Adhaar to any contacts by either party to third parties and that they each recognize
such contracts as the exclusive property of the respective parties and they will not enter into any
direct negotiations or transactions with such contracts revealed by the other party and
E. That they further undertake not to enter into business transaction with banks, investors, sources of
funds or other bodies, the names of which have been provided by one of the
F. Parties to this agreement, unless written permission has been obtained from the other party (ie s)
to do so. For the sale of this agreement, it does not matter whether information obtained from a
natural or a legal person. The parties also undertake not to make use of a third party to circumvent
this clause.
G. That in the event of circumvention of this Agreement by either party, directly or indirectly, the
circumvented party shall be entitled to a legal monetary penalty equal to the maximum service it
should realize from such a transaction plus any and all expenses, including but not limited to all
legal costs and expenses incurred to recover the lost revenue.
H. All considerations, benefits, bonuses, participation fees and/or commissions received as a result of
the contributions of the parties in the Agreement, relating to any and all transactions will be
allocated as mutually agreed.
I. This Agreement is valid for any and all transaction between the parties herein and shall be governed
by the enforceable law in the governance of INDIA, in the event of dispute, the arbitration laws
of states will apply.
J. The signing parties hereby accept such selected jurisdiction as the exclusive venue. The duration
of the Agreement shall perpetuate for ONE (1) year from last date of signing.
2. AGREEMENT TO TERMS
A. Signatures on this Agreement received by the way of Facsimile, Mail and/or E-mail shall be an
executed contract. Agreement enforceable and admissible for all purposes as may be necessary
under the terms of the Agreement.
B. All signatories hereto acknowledge that they have read the foregoing Agreement and by their initials
and signature that they have full and complete authority to execute the document for and in the
name of the party for which they have given their signature.
3. ACCEPTED AND AGREED WITHOUT CHANGE
Electronic signature is valid and accepted as hand signature
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BUYER SELLER
Printed Individual Name: Printed Individual Name:
Designation: Authorized Signature Company Designation: Authorized Signature
Name:
Company Name:
Address:
Address:
Chennai-
City:
City:
State:
State :
Country: India ZIP
Country:
Code:
GSTN: Zip Code:
Tel: GSTN:
Fax: Tel:
Mobile: e- Fax:
mail: Mobile e-
Adhaar: Enclosed mail:
Adhaar: Enclosed
Sign & Seal :
Sign & Seal:
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Buyers’ Mandates Seller’s Mandates Seller’s Mandates 1
Individual Name: Individual Name:
1. Name: 1 3.Individual Name:
PAN :
Aadhar : Aadhar No:
Bank details :
Name as per Bank : Sign :
SB Account Number :
IFSC Code:
4.Name:
Savings Account Sign :
Sign :
2. Name:
Sign :
2.Name: Aadhar Aadhar No:
:
Bank details:
Name as per Bank :
SB Account Number :
IFSC Code: Sign :
Savings Account
Sign :
EDT (Electronic document transmissions)
EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any
provisions of this Contract. As applicable, this agreement shall be: -
1- Incorporate IPC, ‘‘Electronic Signatures in Global and National Commerce Act’’ or such other
applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001) and
2- ELECTRONIC COMMERCE AGREEMENT
3- Any disputes will be settled under IPC under governing Law.
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