MoU Format
MoU Format
MoU Format
Logo of Company
MEMORANDUM OF UNDERSTANDING
Between
And
Name of the Company, a Company duly organized and existing under the laws of
India having its registered office at ______________________________ (address
of company) (hereafter referred to as “Name of the Company”, which expression
shall unless repugnant to the context or meaning thereof, include its successors, legal
representative and permitted assignees) on SECOND PART
Now therefore, in consideration of the premises and the actual covenants herein
contained, it is agreed by both Dr D Y Patil School of Engineering and Name of
the Company as under.
1.4 Use of words in the singular includes the plural and vice versa and the
masculine gender includes the feminine where applicable.
e.g.
2.1. Student Internship
2.5. Cost to all such Activities, Trainings, Industrial Lectures & Site visits
to be borne by __________________________ (Name of Party)
3.2 Name of the Company shall be responsible for arrangements & co-
ordination for supply of Industry Experties, Design training programe,
Process of necessary Appointments with Industries for Industry
Internship Program, Expert Lectures as well as Visits in co-ordination
with staff & HoD Civil Department of Dr D Y Patil School of
Engineering.
4.0 Certification
4.1. Upon completion of the Internship, Name of the Company & Dr. D.Y.
Patil School of Engineering will jointly conduct technical assessment
for students. The students qualifying the technical assessment shall be
certified with completion certificate.
5.0 Relationship
This MOU relates solely to the intention of the parties, wherein Dr D Y Patil
School of Engineering and Name of the Company jointly work together and
shall not extend to any other activity or create a partnership between the
Parties hereto and under any law of any country. The parties agree that it is
not their intention to share any loss or profit between them in their respective
fields, except to the extent expressly provided herein.
No party shall act on behalf of the other party to contractually bind the other
Party under the terms of this MOU having first obtained the other Party’s
written agreement.
8.0 Termination
9.0 Assignment
This MOU shall not be assigned or otherwise transferred by any Party, in
whole or in part, without the express written consent of the Other Party.
Other than explicitly mentioned in this MOU, either Party shall not under any
circumstances or at any time be liable to the other under or in connection with
the MOU for any special or any direct or indirect loss or damage or for any
consequential loss or damage, whether direct or indirect, including but
without limiting the generality of the foregoing, loss of profits, loss of
production, or loss of opportunities.
11.0 Severability
If any provision of this MOU or the application thereof to any person, entity
or circumstance shall be invalid or unenforceable to any extent, the remainder
of this MOU shall not be affected thereby and the application of such
provision shall be enforced to the greatest extent permitted by law.
12.0 Arbitration
12.1 All disputes, differences or claims arising out of or in relation with this
MOU not limited but inclusive of as regards to rights, liabilities,
damages, claims, breach or interpretation of this MOU between the
Parties shall be referred to arbitration.
12.2 Any party shall give a written notice to other party of existing such
dispute, difference or claim. On receipt of such notice within 15 days,
the Head of Institution of Dr D Y Patil School of Engineering and
Partner, Name of the Company or any other persons so nominated by
the respective Parties, shall meet together and try to resolve such
dispute, difference or claim amicably. If such amicable solution is not
arrived within one month, then the matter shall be referred to
Arbitration.
12.3 The place of arbitration shall be Pune. The arbitration proceedings shall
be conducted in English as per the rules of The Arbitration and
Conciliation Act 1996 by three (3) arbitrators appointed in accordance
with the said Rules. The Arbitration Decision shall be final and
binding.
14.0 Notices
14.1 Any notice and other communications provided for in the Agreement
shall be in writing in English and shall be first transmitted by facsimile
transmission and/or by internationally recognized courier service, in the
manner as elected by the Party giving such notice:
In the case of notices to Name of the Company.
Reg.Office Address:
Office Address:
College Address
Dr D Y Patil School of Engineering
Dr D Y Patil Technical Campus,
Dr D Y Patil Knowledge City,
Charholi, Via Lohegaon,
Pune, Maharashtra, India – 412 105
14.2 Either Party may, from time to time, change its address or
representative for receipt of notices or other communications provided
for in this Agreement by giving to the other not less than 15 days prior
written notice.
This MOU expresses the whole agreement reached between the Parties.
Consequently, this Agreement supersedes any previous letter or document of
whatsoever nature exchanged between the Parties with respect to this
Agreement.
16.0 Waiver
The waivers by one Party hereto of any default hereunder or of any covenant,
agreement or condition contained herein shall not be construed to constitute a
waiver of any other default or breach hereof whether similar or otherwise.
17.0 Amendment
No amendment to this MOU shall be valid and binding to the Parties unless it
is made in writing and signed by authorized representative of all Parties to this
Agreement.
Witness: Witness:
Name: Name:
Name: