Draft MOU with Diponegoro university Essay

ThisMemorandumof Understanding(MoU) recordstheintentionofDiponegoro University, in special its business School, (hereinafter referred to as DU) and the Institute of Management applied science (hereinafter referred to as IMT) to work together to have one or more bargains for multinational. pedantic collaboration.It is made as a non medical dressing gesture of frank go out surrounded by the cardinal entrys. Period of Agreement ThisMoUshallbecomeeffectiveonthedateoffinalsigningandwillberenewableevery 5 geezerhood upon the mutual go for of both parties.This MoU whitethorn be revised or scratchby mutual written accede by the signatories or their designated representatives. Other matters non covered by this Memorandum shall be decided by mutual givement and may be shell to the resultant of formal written contracts between us. The parties shall polish the exertion of this Memorandum on an annual earth. Purpose and Areas of Potential Collaboration DU and IMT handle a n aspiration to 1. make headway the switch over of subject grade students, enrolled on their single postgraduate ground level designs, who will be admitted consort to the entry regulations of the host refuge2. Promote the tack of faculty for occasion direction and look 3. Promote collaborative research in areas of mutual interest with a idea to publishing by joint authorship 4. Organize joint worldwide conferences/seminars, symposia and workshops 5. Develop any former(a) broadcasts inversely equalized upon during the tip of this MOU. The development of a collaborative relationship between the parties is subject to A. The approval of the relevant authorities of both DU and IMT and will be subject to norms & procedures of schoolman standards of both the partner Institutions.B.Obtaining all requisite or advisable governmental, restrictive or other relevant approvals, consents or licenses. The parties agree to the following for the period of this agreement, subject to precise agreement at any particular time Student Exchange 1. The parties shall transfer a maximum of 5 graduate students per year, with parity to be achieved over the period of this MoU. If parity is not achieved, the parties agree not to request pecuniary or other compensation 1. Exchanges shall be arranged for a maximum of two semesters/terms.The period ofstudy peradventure followedby aninternship,thearrangementsforwhich shallbeagreedbythepartiesinadvanceofthecommencementofthe commutationto comply with any visa regulations 2. Students act in the program will be accepted as non-award candidatesbythehost creative activity, submitdthattheyfulfilltheadmission requirements of the host institution.Since assertion in both the institutions will be conducted in English, students selected for exchange must run across- the minimum language requirements normally ask by the host institution for exchange students 3. The students shall be selected on the basis of an excellent pedan tic background, excellent command of the subject-specific language required fortheir integration to the chosen curriculum strongmotivationtostudyforthe donnishian program offered by the host institution and the maturity to live and study in a foreign environment.4. Students will be nominated and recommended in writing by an official representativeoftheirhomeschool/institution. Followingthereceiptofthe applicationmaterial,thehostschool/institutionwillprovidethenecessary financial aidance and documentation to satisfy visa requirements and other formalities, such as wellness insurance 5. The parties will assist exchange students to find suitable readjustment and insurance.Accommodation and mess facilities will be provided at IMT 6. The selected exchange students of DU and IMT shall pay their menstruum tuition feestotheir singlehomeschool I institution i. e. DU or IMT, prior . to participation in the program, at the dates normally specified by their respective home school I institu tion for the payment of such fees 7. The parties will agree in advance the credits that exchange students will be required to take.Non-award itinerary work may not be used at a ulterior time to fulfill requirements for a degree program, and students may not change academicobjectives 8. All expenses including air fare, topical anaesthetic travel, health insurance, accommodation, food etc. will be borne by the student. Faculty Exchange, Research and Conferences1. The parties shall exchange an agreed number of faculty members and specialists basedontheavailabilityofopeningsandthenumberofqualifiedfaculty members interested in participating in the program 2. Exchange faculty will outride employees of their home institution for the purposes of terms and conditions of craft3. The home institution shall cover international travel expenses while the hostinstitution shall, on the basis of reciprocity, cover local transportation, accommodation and hospitality for exchange of faculty. Oth erdetails,including the financial arrangements, will be agreed on a berth to case basis4. No later than ninety (90) geezerhood before the start of from each one academic year both partieswillpresentalistofnominatedfacultymembersalongwiththeir credentials to each other for participation in the program for the upcoming academic year- 2011-12 5. The parties agree to cram joint international conference/seminars, symposia andworkshops electric charge joint research projects and exchangeof publications.Governance and leading The Director of IMT-Nagpur, Dr. Rajendra Nargundkar and the Professor-Faculty of Economics- Dr. Waridin of Diponegoro University, Indonesia or their designees will provide the senior leadership within their respective organizations to move the venture forward.Exchange of discipline Each party will exchange training with the other with a view to understanding whether it would be effective and pragmatical for the institutions to work together. Confidentiality T hisMemorandumandanyinformationprovidedinconnectionwithitmaynotbe disclosedtoanythirdpartyotherthan(a)thepartiesprofessionaladvisers(b)asrequired by right or a relevant regulatory authority (c) with the prior written consent of the other party or (d) where the information has come into the public domain with no fault of the party lack to disclose it.Intellectual Property Unlessagreedotherwiseinwriting,anyIntellectualPropertyrightsbelongingtothe parties,whetherinexistenceatthedateofthisMemorandumorcreatedduringthe syllabus of it, shall belong to the respective parties. Publicity 1. The parties will not include the name or logo of the other party in any advertising or forwarding material without the prior approval of the other party on a case-to-case basis. 2. Neither party will do anything which in the reasonable opinion of the other, would detriment the others reputation and/or business. Disputes 1. The parties shall attempt to resolve in good faith any dispute arising between them out of the operation of this Memorandum. If the dispute cannot be resolved informally, it shall be referred to the Head of the business School of DU and the Director of IMT- Nagpur Dr. Rajendra Nargundkar. 2. This Memorandum shall be governed by and construed in accordance with the laws in India/Indonesia.3. Any dispute arising out of the operation of this Memorandum shall be finallycolonized by arbitration under the Rules of arbitrament and Conciliation of the International Chamber ofCommerce by two ormore arbitratorsappointed under those rules. The place of arbitration shall be New Delhi and the dispute solution proceedings shall be in English.This MOU is sign-language(a) by the parties on this 17th sidereal day of September 2010 at Nagpur (India) and the parties have affix their Seals. ForINSTITUTEOF MANAGEMENT TECHNOLOGY- NAGPUR. (Dr. Rajendra Nargundkar) Director. SEAL For DIPONEGORO UNIVERSITY, SEMARANG-50241, INDONESIA. (Dr. Waridin) Professor- Faculty of Economics .