Draft MOU with Diponegoro university Essay

ThisMemorandumof Understanding(MoU) recordstheintentionofDiponegoro University, in particular its Business School, (hereinafter referred to as DU) and the Institute of Management engine room (hereinafter referred to as IMT) to execute together to establish one or much sympathys for international. academician collaboration.It is made as a non binding gesture of good get break through between the both institutions. Period of Agreement ThisMoUsh on the wholebecomeeffectiveonthedateoffinalsigningand bequeathberenewableevery 5 years upon the shared consent of both parties.This MoU may be revised or call offby mutual written consent by the signatories or their designated representatives. new(prenominal) matters not c everywhereed by this Memorandum shall be decided by mutual agreement and may be subject to the conclusion of orb written contracts between us. The parties shall review the operation of this Memorandum on an yearbook basis. Purpose and Areas of Potential Collaborat ion DU and IMT share an aspiration to 1. Promote the deputise of qualified graduate students, enrolled on their respective postgraduate degree chopines, who go forth be admitted according to the entry regulations of the drove institution2. Promote the vary of faculty for joint teaching and look 3. Promote cooperative research in areas of mutual interest with a view to publishing by joint authorship 4. Organize joint International conferences/seminars, symposia and workshops 5. Develop every(prenominal) other programs mutually hold upon during the period of this MOU. The development of a collaborative relationship between the parties is subject to A. The approval of the pertinent authorities of both DU and IMT and will be subject to norms & procedures of academic standards of both the partner Institutions.B.Obtaining all necessary or advisable governmental, regulatory or other pertinent approvals, consents or licenses. The parties agree to the following for the period of t his agreement, subject to specific agreement at any particular time Student Ex qualify 1. The parties shall swop a utmost 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 financial or other compensation 1. Exchanges shall be arranged for a maximum of two semesters/ legal injury.The period ofstudy maybe followedby aninternship,thearrangementsforwhich shallbeagreedbythepartiesin expelofthecommencementofthe transpositionto comply with any visa regulations 2. Students participating in the program will be accepted as non-award candidatesbythe soldiersinstitution,providedthattheyfulfilltheadmission requirements of the host institution.Since instruction in both the institutions will be conducted in English, students selected for exchange must return- the minimum language requirements normally required by the host institution for exchange students 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 lean of study strongmotivationtostudyforthe academic program offered by the host institution and the maturity to str etc. forth and study in a foreign environment.4. Students will be nominal and recommended in writing by an official representativeoftheirhomeschool/institution. Followingthereceiptofthe applicationmaterial,thehostschool/institutionwillprovidethenecessary assistance and documentation to satisfy visa requirements and other formalities, such as health insurance 5. The parties will assist exchange students to find suitable registration and insurance.Accommodation and reparation facilities will be provided at IMT 6. The selected exchange students of DU and IMT shall pay their current care feestotheirrespectivehomeschool I institution i. e. DU or IMT, prior . to participation in the program, at the dates normally specified by thei r 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 posterior 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, 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 remain employees of their home institution for the purposes of terms and conditions of employment3. The home institution shall cover international travel expenses patch the hostinstitution shall, on the basis of reciprocity, cover local transportation, accommodation and hospitality for exchan ge of faculty. Otherdetails,including the financial arrangements, will be agreed on a case to case basis4. No later than cardinal (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 delegating 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 senior leadership within their respective organizations to move the move forward.Exchange of development Each fellowship will exchange information with the other with a view to understanding whether it would be effective and mulish for the institutions to work together. Confidential ity ThisMemorandumandanyinformationprovidedinconnectionwithitmaynotbe disclosedtoanythirdcompanyotherthan(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. Publicity 1. The parties will not include the ring or logo of the other party in any advert or publicity 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 damage the others genius and/or business. Disputes 1. The parties shall attempt to resolve in good faith any dispute arising between them ou t of the operation of this Memorandum. If the dispute cannot be resolute 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 Chamber ofCommerce by two ormore arbitratorsappointed under those rules. The place of arbitration shall be New Delhi and the dispute announcement proceedings shall be in English.This MOU is signed by the parties on this seventeenth day of September 2010 at Nagpur (India) and the parties have affixed their Seals. ForINSTITUTEOF MANAGEMENT TECHNOLOGY- NAGPUR. (Dr. Rajendra Nargundkar) Director. revenue stamp For DIPONEGORO UNIVERSITY, SEMARANG-50241, INDONESIA. (Dr. Waridin) Professor- Faculty of Economics.