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MEMORANDUM OF UNDERSTANDING (MoU)
BETWEEN
NAME OF INSTITUTION
&
NAME OF INDUSTRY
FOR
SKILL DEVELOPMENT, OUTCOME BASED TRAININGS,
PLACEMENT, R&D SERVICES AND RELATED SERVICES
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Memorandum of Understanding for Skill Development and Placement, Study Guides, Projects, Research of Computer Science
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MEMORANDUM OF UNDERSTANDING (MoU)
BETWEEN
NAME OF INSTITUTION
NAME OF INDUSTRY
FOR
SKILL DEVELOPMENT, OUTCOME BASED TRAININGS,
PLACEMENT, R&D SERVICES AND RELATED SERVICES
MEMORANDUM OF UNDERSTANDING
This Memorandum of Understanding (hereinafter called as the 'MOU') is entered into on this the nth^ day of – Name of Month –––– Two Thousand and Fifteen (Date in Numerals) , by and between
NNa^ NNaaammmmeeee and Addressand Addressand Addressand Address ooofoff IfIIInnnnssststttiiiittttuuuuttttiiiioooonnnn, the First Party, the First Party, the First Party, the First Party^ represented herein by its Name of Competent Authority / Representative (hereinafter referred as ‘First Party’ , the institution which expression, unless excluded by or repugnant to the subject or context shall include its successors – in-office, administrators and assigns).
AND
NNa NNaaammmmeeee aaaannnndddd AAAAddddddddrrrreeeessssssss ooofofff IIIInnnndddduuuussststttrrryryyy,,,, tttthhhheeee SSSecondSecondecond PecondPPPaaaarrrrttttyyyy , and represented herein by its Zonal / Divisional Head, Name of Competent Authority / Representative , (hereinafter referred to as “ Second Party ”, company which expression, unless excluded by or repugnant to the subject or context shall include its successors – in-office, administrators and assigns).
(First Party and Second Party are hereinafter jointly referred to as ‘Parties’ and individually as ‘Party’) as
WHEREAS:
A) First Party is a Higher Educational Institution named:
(i)(i) (i)(i) NNaNNaaammmmeeee ooooffff IIIInnnnsssstttitiiittttuuuuttttiiiioooonnnn
B) First Party & Second Party believe that collaboration and co-operation between themselves will promote more effective use of each of their resources, and provide each of them with enhanced opportunities.
C) The Parties intent to cooperate and focus their efforts on cooperation within area of Skill Based Training, Education and Research.
D) Both Parties, being legal entities in themselves desire to sign this MOU for advancing their mutual interests. E) – Name of industry – , the Second Party is engaged in Business, Manufacturing, Skill Development, Education and R&D Services in the fields of - name of trade and services under the industry concerned - - and related fields
F) – Name of industry – , the Second Party is promoted by promoter name Group; Address and background of the Company.
G) Give related information, its branches, and dimensional information about the industry concerned with whom the MoU is sworn.
NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH
IN THIS MOU, THE PARTIES HERE TO AGREE AS FOLLOWS:
2.4 Research and Development: Both Parties have agreed to carry out the joint research activities in the fields of - - Name of Industry specializationsName of Industry specializationsName of Industry specializationsName of Industry specializations,,,, activitiesactivities andactivitiesactivitiesandandand servicesservicesservicesservices^ - -.
2.5 Skill Development Programs: Second Party to train the students of First Party on the emerging technologies in order to bridge the skill gap and make them industry ready.
2.6 Guest Lectures: Second Party to extend the necessary support to deliver guest lectures to the students of the First Party on the technology trends and in house requirements.
2.7 Faculty Development Programs: Second Party to train the Faculties of First Party for imparting training as per the industrial requirement considering the National Occupational Standards in concerned sector, if available.
2.8 Placement of Trained Students: Second Party will actively engage to help the delivery of the training and placement of students of the First Party into internships/jobs; and will facilitate placements for at least ……% of the students. The Second Party will itself absorb at least ------- percentage of the trained students.
2.9 Both Parties to obtain all internal approvals, consents, permissions, and licenses of whatsoever nature required for offering the Programmes on the terms specified herein
2.10 There is no financial commitment on the part of the NName of institutionNName of institutioname of institutioname of institution , the First Party to take up any programme mentioned in the MoU. If there is any financial consideration, it will be dealt separately.
CLAUSE 3
INTELLECTUAL PROPERTY
3.1 Nothing contained in this MOU shall, by express grant, implication, Estoppel or otherwise, create in either Party any right, title, interest, or license in or to the intellectual property (including but not limited to know-how, inventions, patents, copy rights and designs) of the other Party.
CLAUSE 4
VALIDITY
4.1 This Agreement will be valid until it is expressly terminated by either Party on mutually agreed terms, during which period Name of Industry , the Second Party, as the case may be, will take effective steps for implementation of this MOU. Any act on the part of Training Partner or Name of Industry , the Second Party after termination of this Agreement by way of communication, correspondence etc., shall not be construed as an extension of this MOU
4.2 Both Parties may terminate this MOU upon 30 calendar days’ notice in writing. In the event of Termination, both parties have to discharge their obligations
CLAUSE 5
RELATIONSHIP BETWEEN THE PARTIES
5.1 It is expressly agreed that First Party and Second Party are acting under this MOU as independent contractors, and the relationship established under this MOU shall not be construed as a partnership. Neither Party is authorized to use the other Party’s name in any way, to make any representations or create any obligation or liability, expressed or implied, on behalf of the other Party, without the prior written consent of the other Party. Neither Party shall have, nor represent itself as having, any authority under the terms of this MOU to make agreements of any kind in the name of or binding upon the other Party, to pledge the other Party’s credit, or to extend credit on behalf of the other Party.
First Party Second Party
Any divergence or difference derived from the interpretation or application of the MoU shall be resolved by arbitration between the parties as per the Arbitration Act,
- The place of the arbitration shall be at District Head Quarters of the First Party. This undertaking is to be construed in accordance with Indian Law with exclusive jurisdiction in the Courts of Name of City.
AGREED:
For Name of Institution For Name of Industry
________________ ________________
Authorized Signatory Authorized Signatory
Name of Institution Name of Industry
Address Address
Contact Details Contact Details
E-mails E-mails
Web Web
Witness 1: Witness 2:
Witness 3: Witness 4: