Draft MOU with Diponegoro university Essay Example for Free

Draft MOU with Diponegoro university bear witnessThis scrollof Understanding(MoU) recordstheintentionofDiponegoro University, in particular its Business School, (hereinafter referred to as DU) and the Institute of Management Technology (hereinafter referred to as IMT) to cash in ones chips unneurotic to establish one or more arrangings for international. academic collaboration.It is made as a non binding motion of good testament between the two institutions. Period of Agreement ThisMoUshallbecomeeffectiveonthedateoffinalsigningand allow forberenewableevery 5 years upon the common consent of some(prenominal) parties.This MoU may be revised or cancelledby mutual write consent by the signatories or their designated representatives. Other matters not covered by this memoranda shall be decided by mutual agreement and may be subject to the conclusion of formal written contracts between us. The parties shall review the operation of this Memorandum on an annual basis. Purpose an d Areas of Potential Collaboration DU and IMT share an aspiration to 1. Promote the commute of qualified graduate students, enrolled on their respective postgraduate degree programs, who ordain be admitted according to the ledger entry regulations of the waiter institution2. Promote the flip-flop of readiness for joint teaching and research 3. Promote collaborative research in areas of mutual interest with a view to publishing by joint typography 4. Organize joint International hosts/seminars, symposia and lopshops 5. Develop some(prenominal) early(a) programs mutually agreed upon during the extent of this MOU. The exploitation of a collaborative relationship between the parties is subject to A. The approval of the relevant authorities of both DU and IMT and exit be subject to norms procedures of academic standards of both the partner Institutions.B.Obtaining all necessary or advisable governmental, regulative or other relevant approvals, consents or licenses. The pa rties agree to the following for the period of this agreement, subject to specific agreement at any particular time Student Exchange 1. The parties shall exchange 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 crave financial or other compensation 1. Exchanges shall be arranged for a maximum of two semesters/terms.The period ofstudy maybe followedby aninternship,thearrangementsforwhich shallbeagreedbythepartiesinadvanceofthecommencementoftheexchangeto comply with any visa regulations 2. Students participating in the program will be certain as non-award candidatesbythehostinstitution,providedthattheyfulfilltheadmission requirements of the host institution.Since instruction in both the institutions will be conducted in English, students selected for exchange must(prenominal) satisfy- the minimum language requirements unremarkably required by the host institution for exchange stu dents 3. The students shall be selected on the basis of an excellent academic background, excellent command of the subject-specific language required fortheir integration to the chosen course of study strongmotivationtostudyforthe academic 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 representativeoftheir cornerstoneschool/institution. Followingthereceiptofthe applicationmaterial,thehostschool/institutionwillprovidethenecessary assistance and certificate to satisfy visa requirements and other formalities, such as health insurance 5. The parties will assist exchange students to find suitable accommodation and insurance.Accommodation and mess facilities will be provided at IMT 6. The selected exchange students of DU and IMT shall recompense their current tuition feestotheirrespectivehomeschool I institution i. e. DU or IMT, prior . to participation in the p rogram, at the dates normally specified by their respective home school I institution 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 course work may not be used at a later time to fulfill requirements for a degree program, and students may not change academicobjectives 8. All expenses including air fare, local travel, health insurance, accommodation, fare 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 remain employees of their home institution for the purposes of terms and conditions of employment3. 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. Otherdetails,including the financial arrangements, will be agreed on a case to case basis4. No later than ninety (90) days before the start of each 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 organize joint international conference/seminars, symposia andworkshops commission joint research projects and exchangeof publications.Governance and leadership 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 aged leadership within their respective organizations to move the venture forward.Exchange of information Each party will exchange information with the other with a view to understanding whether it would be effective and practical for the institutio ns to work together. Confidentiality ThisMemorandumandanyinformationprovidedinconnectionwithitmaynotbe disclosedtoanythirdpartyotherthan(a)thepartiesprofessionaladvisers(b)asrequired by law 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 through no fault of the party wishing to disclose it.Intellectual Property Unlessagreedotherwiseinwriting,anyIntellectualPropertyrightsbelongingtothe parties,whetherinexistenceatthedateofthisMemorandumorcreatedduringthe course of it, shall belong to the respective parties. promotional material 1. The parties will not include the name or logo of the other party in any advertising or publicity material with fall out 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 damage the others composition 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 finallysettled by arbitration under the Rules of Arbitration and Conciliation of the International put up ofCommerce by two ormore arbitratorsappointed under those rules. The place of arbitration shall be New Delhi and the dispute resolution transactions shall be in English.This MOU is signed by the parties on this 17th day of September 2010 at Nagpur (India) and the parties constitute affixed their Seals. ForINSTITUTEOF MANAGEMENT TECHNOLOGY- NAGPUR. (Dr. Rajendra Nargundkar) Director. SEAL For DIPONEGORO UNIVERSITY, SEMARANG-50241, INDONESIA. (Dr. Wari din) Professor- Faculty of Economics.