Having an MoU Agreement before entering into a formal contract is important for several reasons:

Clarity: It provides a clear understanding of each party's expectations and commitments.
Flexibility: It allows parties to outline their intentions and terms without the rigidity of a legally binding contract.
Foundation: It serves as a preliminary step that can help in negotiating the final terms of a formal contract.
Trust: It fosters trust and cooperation between parties by demonstrating a shared commitment to the project or venture.
Risk Mitigation: It helps identify and address potential issues or conflicts early in the collaboration process.
https://www.registerkaro.in/memorandum-of-understanding-mou