MEMORANDUM OF AGREEMENT Between INDIAN INSTITUTE OF ...

MEMORANDUM OF AGREEMENT
Between
INDIAN INSTITUTE OF TECHNOLOGY, BOMBAY
and
___________________
This Agreement is entered into on the _____ day of ___________ 2006 by and between Indian
Institute of Technology Bombay (hereinafter called IITB) situated at Powai, Mumbai India 400
076, an Institute of national importance established by a special act of Parliament of Republic of
India, and _______ (hereinafter called University/Company) situated at ___________________
(Address).
1. OBJECTIVES OF THE MOU
The objective of this Memorandum of Understanding is:
a. to promote and enhance scientific and academic cooperation and interaction between IITB
and University/Company in mutually beneficial areas.
b. to provide a formal basis for initiating interaction between IITB and University/Company.
2. PROPOSED MODES OF COLLABORATION
IITB and University/Company propose to collaborate through the following:
a. Cooperation and promotion of research and development and publication in areas of
mutual interest.
b. Formulation of joint research proposals and participation in joint research Programmes
c. Visits by faculty, students and researchers to each other’s organisation, for initiating and
implementing joint projects on mutually agreed terms.
d. Organisation jointly of Seminars / Workshops in areas of mutual interest.
e. Any other interaction related to research and development cooperation in areas of mutual
interest.
3. AGREEMENTS FOR COLLABORATION
The themes of joint activities / collaboration, conditions of utilizing the results achieved,
arrangements for specific visits and other forms of cooperation will be developed mutually for
each specific case with appropriate written agreements where necessary. The signing of this
agreement does not entail any financial obligation for either party.
Whilst the purpose of this MOU is to outline an academic and management framework
between the two parties, designed to promote international cooperation in both institutions,
the parties do not intend to be legally bound to each other, and this Agreement does not
impose legal obligations on either party.
4. JOINT MANAGER AND WORKING PARTIES
Each party will appoint one person to act as the Joint Managers of this Agreement.
___________ of University/Company will act as the Joint Manager for University/Company
and Dean Research and Development will act as the Joint Manager for IITB.
The Joint Managers may nominate appropriate personnel to manage the details of the
particular activities or programmes taken up under this Agreement.
MOU template for R&D collaboration: IITB-foreign university

5. PUBLICITY AND ADVERTISING
The parties agree that each may publish or advertise the existence and nature of the activity
under this Agreement, provided that the other party has not indicated in writing that a specific
matter should remain confidential.
All marketing or publicity material produced by University/Company, which refers to IITB will
be submitted to IITB for approval before public distribution. Similarly all marketing or publicity
material produced by IITB, which refers to University/Company will be submitted to
University/Company for approval before public distribution.
6. TERM AND TERMINATION
This Agreement will be effective upon signature of the respective authorities of both parties for
a period of five years, at which time it will be reviewed for possible renewal for a further five
year period.
The Joint managers may by mutual agreement at any time and subject to written ratification
by the appropriate authorities of each party, modify the activities and the arrangements
undertaken under this Agreement.
Either party may, on six months notice in writing, terminate this Agreement in advance of its
normal expiration or request the renegotiation of its conditions. Under normal circumstances,
staff or students who have commences an activity under this Agreement should be allowed to
complete the activity, under the conditions applying when notice was given.
This MOU is executed in duplicate with each copy being an official version and having equal legal
validity.
By signing below, the parties, acting by their duly authorized officers, have caused this
Memorandum of Understanding to be executed, effective as of the day and year first above
written.
On behalf of
Indian Institute of Technology
Bombay
On behalf of
University/Company ______________
By : By :
Name : Name :
Title : Dean Research & Development Title :
MOU template for R&D collaboration: IITB-foreign university