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This Memorandum of Understanding (MoU) outlines the mutual intentions and collaboration between Party A and Party B regarding specific activities. It details the responsibilities of each party, the duration of the agreement, financial arrangements, and confidentiality provisions. The MoU is non-binding and governed by the laws of a specified jurisdiction, with any amendments requiring written consent from both parties.

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Bereket Alemu
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46 views2 pages

New Text Document

This Memorandum of Understanding (MoU) outlines the mutual intentions and collaboration between Party A and Party B regarding specific activities. It details the responsibilities of each party, the duration of the agreement, financial arrangements, and confidentiality provisions. The MoU is non-binding and governed by the laws of a specified jurisdiction, with any amendments requiring written consent from both parties.

Uploaded by

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

MEMORANDUM OF UNDERSTANDING (MoU)

This Memorandum of Understanding ("MoU") is entered into on [Date], by and between:

Party A: [Name of Party A], located at [Address], (hereinafter referred to as


"Party A").

Party B: [Name of Party B], located at [Address], (hereinafter referred to as


"Party B").

1. Purpose
The purpose of this MoU is to outline the mutual understanding and intentions of
the parties regarding [Describe Purpose, e.g., collaboration on a specific project
or initiative].

2. Scope of Cooperation
Party A and Party B agree to collaborate on the following activities:

[Specify Activity 1]

[Specify Activity 2]

[Specify Activity 3]

3. Responsibilities of the Parties


3.1 Responsibilities of Party A:

[Outline specific responsibilities of Party A].

3.2 Responsibilities of Party B:

[Outline specific responsibilities of Party B].

4. Duration
This MoU shall become effective on [Start Date] and shall remain in effect until
[End Date] or until terminated by mutual written agreement of the parties.

5. Financial Arrangements
Each party shall bear its own costs and expenses incurred in connection with this
MoU unless otherwise agreed upon in writing.

6. Confidentiality
The parties agree to keep confidential all information disclosed by one party to
the other in connection with this MoU, unless such information:

Is already in the public domain;

Was known to the receiving party prior to disclosure;

Is required to be disclosed by law.

7. Non-Binding Nature
This MoU is a statement of mutual intentions and does not constitute a legally
binding agreement. Any binding commitments will be set forth in a separate written
agreement.

8. Dispute Resolution
Any disputes arising under this MoU shall be resolved amicably through good faith
negotiations between the parties.
9. Governing Law
This MoU shall be governed by and construed in accordance with the laws of
[Jurisdiction].

10. Amendments
This MoU may be amended only by a written document signed by both parties.

11. Signatures
The undersigned represent and warrant that they are authorized to execute this MoU
on behalf of their respective organizations.

Party A:
Name: _____________________________
Title: _____________________________
Signature: _________________________
Date: _____________________________

Party B:
Name: _____________________________
Title: _____________________________
Signature: _________________________
Date: _____________________________

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