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Sample MoU UPDATED (1)

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saikat ganguly
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10 views

Sample MoU UPDATED (1)

Uploaded by

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

This AGREEMENT is made and entered into on “DATE OF AGREEMENT” between


“INSTITUTION NAME” (hereinafter referred to as the “INSTITUTION'' which expression,
unless repugnant to the text or context thereof shall include its successors and permitted assigns of
the first party.
and
Wayspire Ed-Tech Private Limited (WAYSPIRE)- a company registered in India under the
Indian Companies Act 2013 and having its registered office at Ground Floor, Landmark
Tower, Plot No. - 2, South City I, Sector 41, Gurugram, Haryana – 122001 (hereinafter
referred to as "COMPANY" which expression, unless repugnant to the text or context thereof,
shall include its successors and permitted assigns of the Second party.

1. Deliverables to the Institution:


● Company will become the “Training & Placement Partner” of the Institution.
● Institution's Logo Integration on Website landing page and promotion on
Instagram, LinkedIn, Facebook, and other platforms.
● Providing Training and Internship Programs at a discounted rate for all the
students of the Institution.
● Conducting Webinars, Seminars, and free Workshops for the students of the
Institution as and when desired by the COMPANY in concurrence with the
Institution.
● Company will conduct regular Campus Placement drives at the Institution for
current and Alumni students as per the needs of the company.

2. Deliverables to the Company:


● Promoting the Company as the “Training & Placement Partner” on the website
and other Social media platforms.
● Help the Company conduct webinars, seminars, and workshops at the
Institution.
● Company’s Logo Integration on the website and other platforms as a Training
and Placement Partner.
● Help the Company in conducting Placement drives and promote the
Company’s Training and Internship programs.
● The Company will be Sponsors for any events that are conducted by the
Institution
● Selected Candidates will provide the company with their Class representative
& HOD contact details for better communication regarding Company monthly
webinars.
3. Confidentiality:
● Any information, whether written, oral, or in any other form, furnished
hereunder by one Party to the other or its employees, representatives or agents
shall be considered confidential by the receiving Party, which shall take all
necessary precautions to keep the confidential information, secret and
confidential.
● Either Party may disclose the general terms of this Agreement (but not the
commercials or the specific details therein) for publicity subject to the
condition that the Party so wishing to disclose gets the content to be published,
publicized, or disclosed to be approved by the other Party.

4. Communication & Acknowledgements:


● Any email or written request to either party must be acknowledged and
answered by both parties within 48 Hrs. If there is any failure in 3 such
instances, the MoU will lead to termination.

5. Termination of MoU:
● Any matters deemed contentious from either party shall have to be discussed
with respective representatives with a buffer time of 1 week. No response
from the opposite party, even after one week shall grant the rights to the first
party to issue a notice via email for cancellation of the MoU. Due to any
natural calamities, any unforeseen circumstances postponing the Placement
drive/Trainings will be honored by both parties. A failed response for one
week for the notice shall automatically terminate the MoU on the grounds of
irreconcilable differences.
● Termination of the MOU deed will be signed by Both Parties for MOU
Termination.

6. Limitation of liability:
● Neither party shall be liable to the other party for any indirect, incidental,
consequential, or special damages, including but not limited to loss of profits,
loss of investment, loss of opportunities, loss of goodwill or reputation.

7. Force Majeure:
● Neither party shall be liable to the other for failure or delay in the performance
of any of its obligations under this MoU for the time and to the extent such
failure or delay is caused due to acts of God, natural disaster, fire, floods,
explosions or earthquake, epidemic or quarantine restrictions, pandemic,
serious accidents, war, insurrection or riots, strikes, Governmental Act, orders
or restrictions, or any other cause beyond the affected parties reasonable
control, provided that Sufficient notice of such occurrence or force majeure is
communicated to the other party and the affected party shall do everything
reasonably practicable to resume performance.
8. Miscellaneous:
● This MoU supersedes all prior understandings, if any, between the parties
concerning the subject hereof.
● No amendments to the MOU shall be valid unless executed in writing and
signed by both Parties.
● The Institution must follow the rules and guidelines as laid down by the
Company. The Operational guidelines are to be strictly followed by the
Institution and its associates failing which the MoU shall be terminated, and
the Institution or its associates shall not be liable for any refund or support.
● The company and its associates, personnel, and partners are solely permitted
to raise any concern thereof to its respective Point of contact and no other
person(s) are to be involved unless authorized by the Institution’s team. Any
due diligence of the concern above mentioned shall be the sole responsibility
of the Institution team. The company and its associates are also advised to
raise their concerns to the official email [email protected] &
[email protected].
● The Company is to respect the right of the Institution, unless or otherwise,
breaches the spirit of this MoU.
● This MoU shall be governed by and constructed in accordance with the laws
of India and the courts of Gurugram shall have exclusive jurisdiction over any
disputes hereunder.

Signed and delivered for and on behalf of the Signed and delivered for and on behalf of
Company: the Institution:

Authorized Signatory Name: Authorized Signatory Name:

Title/Designation: Title/Designation:

Authorized seal of the Company Authorized seal of the Institution

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