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Mou Template

This Memorandum of Understanding establishes a partnership between an educational institute and industry to facilitate cooperation in areas like skill training, education, placement, industrial visits, and guest lectures. The MoU aims to promote effective use of resources through collaboration. Key aspects of the partnership include industrial training and visits for students, guest lectures on technology trends, and assistance in student placement. The MoU is valid until terminated by either party and does not involve any financial commitment by the educational institute.

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564 views2 pages

Mou Template

This Memorandum of Understanding establishes a partnership between an educational institute and industry to facilitate cooperation in areas like skill training, education, placement, industrial visits, and guest lectures. The MoU aims to promote effective use of resources through collaboration. Key aspects of the partnership include industrial training and visits for students, guest lectures on technology trends, and assistance in student placement. The MoU is valid until terminated by either party and does not involve any financial commitment by the educational institute.

Uploaded by

selvamdevi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

MEMORANDUM OF UNDERSTANDING (MoU)

BETWEEN

<<Institute Name>>
AND
<<Industry Name>>

This Memorandum of Understanding (hereinafter called as the 'MoU') is entered into on this the
……………day of Month 2021……………….. by and between.

<<Institute Name>>, the First Party represented herein by its Principal / Director / Head of Institution
<<Institute Name>>, And <<Industry Name>>. The Second party, and represented herein by its
Centre Head / Director / Managing Director <Person Name with designation>>
WHEREAS:

A) First Party is a Higher Educational Institution named: <<Institute Name>>,

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, Placement, Industrial Visit, Expert Lecture.

D) <<Industry Name>>, - the Second Party is engaged in << related fields>>.

NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH IN THIS


MOU, THE PARTIES HERETO AGREE AS FOLLOWS:

CLAUSE 1 CO-OPERATION

1.1 Both Parties are united by common interests and objectives, and they shall establish co-operation.
1.2 First Party and Second Party co-operation will facilitate effective utilization of the intellectual
capabilities.
1.3 The parties shall co-operate with each other and shall as promptly as is responsibly practical, relevant
agreement.

CLAUSE 2 SCOPE OF THE MoU

2.1 Industrial Training & Visits: Industry and Institution interaction will provide an insight into the latest
developments / requirements of the industries; the Second Party to permit the Faculty and Students of the
First Party to visit its group companies and also involve in Industrial Training Programs for the First
Party. This will provide confidence & smooth transition for students work. Also the Second party may
register on the AICTE Internship Portal for the benefit of students.

2.2 Guest Lectures: Second Party to extend the necessary support to deliver guest lecturers to the students
of the First Party on the technology trends and in house requirements.
2.3 Placement of trained students: second party will actively engage to help the delivery of the training
and placement of the students of the first party on the technology trends and in house requirements.

2.4 There is no financial commitment on the part of the <<Institute Name>>, the first party to take up
any program mention in MoU. If there is any financial consideration, it will be dealt separately.

2.5 Both Parties to obtain all internal approvals, consents, permissions, and licenses of whatsoever nature
required.

CLAUSE 3 VALIDITY

3.1 This Agreement will be valid until it is expressly terminated by either Party on mutually agreed terms,
during which period, the Second Part.

CLAUSE 4 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.

First Party Second Party

Centre Head

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