In the world today, everyone is in need of interaction with others in order to achieve better results. One of these interacting ways is the signing of memoranda between the educational & research centers.
In order to activate such potentials, the SBUMS has signed many memoranda and contracts with the international educational and academic centers around the globe. Moreover, it has been able to introduce itself and its potentials to others as well. Among such memoranda, conducting joint research projects, having exchange student programs in graduate levels, providing sabbatical leaves, and lab facilities, as well as holding joint conferences are worthy of mentioning.
The management section of the SBUMS Office in International Affairs offers its readiness for facilitating and providing suitable grounds for signing national & international memoranda, so that both sides would benefit from each other’s capacities and potentials.
A memorandum of understanding (MOU)is a document describing a bilateral or multilateral agreement between two or more parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement.
The following elements should be considered when constructing an MOU:
* Purpose.This paragraph defines, in as few words as possible, the purpose of the memorandum of understanding
* Agreed Terms.List the vision or goals which the partnership in question wants to achieve.
*Responsibilities. List detailed point to point responsibilities of all the partners and the consortium members.
* Funding. Give the exact details of profit-sharing. Also, mention in detail the list of financial undertakings and responsibilities.
* Effective Date. Enter the date the agreement will become effective.
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