sample mou for business collaboration india

SAMPLE MOU FOR BUSINESS COLLABORATION INDIA FULL
SAMPLE MOU FOR BUSINESS COLLABORATION INDIA FREE

The thirteenth section states that the MOU is not legally binding, except for certain clauses regarding confidentiality, dispute resolution, notices, and no rights of third parties. The twelfth section clarifies that the document does not confer any rights to third parties. The eleventh section provides details on notices and service, including the methods of serving notices and the addresses of the parties. The tenth section briefly mentions dispute resolution and the jurisdiction clause. The ninth section focuses on confidentiality and announcements, stating the parties' obligations to keep information confidential and obtain prior approval for public announcements or press releases. It emphasizes the parties' cooperation in obtaining these approvals. The eighth section addresses the requirement for third-party approvals, including consents from other partners and relevant regulatory authorities. It also mentions provisions on dividend policy, auditors, financial year, and pre-emption rights. The seventh section discusses the shareholders agreement, highlighting the reserved key decisions for mutual agreement, such as changes in the scope of the business, major contracts, and appointments/removals of senior management. It also mentions the initial appointments and subsequent appointments of senior management. The sixth section addresses the board and management of the joint venture, including the equal appointment of directors by each party and the rotation of the chairman position. It mentions the parties' support for the joint venture's business plan and the provision of guarantees and undertakings.

The fifth section focuses on the capital and funding of the joint venture, stating the intention for the joint venture to be self-financing and obtain additional funds from third parties. It also mentions the provision of information by each party for the valuation process and the resolution of any material differences in valuations. The fourth section discusses the valuation of the joint venture, including the negotiation of an appropriate valuation process and methodology. It mentions the need for detailed arrangements regarding technology transfer, improvements, controls, and licensing. The third section addresses the technology aspect of the joint venture, highlighting the parties' commitment to making their existing technology available to the joint venture. It also mentions the development of an initial business plan and the regular review and updates of the plan by the joint venture company's board. The second section outlines the activities of the joint venture, specifying the purpose and scope of the business. The first section focuses on the establishment of a joint venture company, including the preferred intention to create a new jointly-owned company and the proposed name of the joint venture. The document is divided into several sections, each providing a detailed introduction and description of the key aspects of the joint venture. It emphasizes that the detailed terms of the joint venture will be agreed upon in good faith based on the principles set out in the MOU. The document begins by highlighting the importance of the joint venture and the mutual benefits it will bring to both parties. The University does not ordinarily agree to establish 'joint' enterprises, which involve mingled funding, governance, and naming.This Memorandum of Understanding (MOU) - Joint Venture document is a legally non-binding agreement that outlines the principles and proposed joint venture between two parties. Harvard strongly prefers that its work with partner organizations takes the form of collaboration between two independent entities. This approach gives each party maximum flexibility and autonomy without sacrificing the goal of collaboration.

SAMPLE MOU FOR BUSINESS COLLABORATION INDIA FULL

Visiting student and scholar programs governed by MOUs give each party – Harvard and the partner – full authority to make its own admissions decisions and obligate neither to accept a fixed number of visiting students or scholars from the other in any given time period.

SAMPLE MOU FOR BUSINESS COLLABORATION INDIA FREE

Harvard strongly supports and encourages the free flow of ideas and people between institutions of learning worldwide. MOUs with international partners always include certain standard clauses, such as a non-discrimination clause. The Vice Provost for International Affairs must sign any MOU with a non-U.S. “Harvard” is a party to an MOU only in the rare circumstances described in the Use of Name policy. Thus, the Harvard party to an MOU is the individual School, department, center, or other unit that will manage the activity described by the MOU. MOUs follow the University’s Use of Name policy. What guidelines and policies does Harvard follow in signing MOUs?

Sample mou for business collaboration india