Agreement between University and Company

This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter of this Agreement and supersedes all prior written or oral discussions, agreements and obligations of any kind between them with respect to such subject matter. This Agreement may be subsequently amended only by a written document signed by both Parties. Determine the purpose and details of the agreement you want to define. For example, which institution would you like to work with? What kind of partnership would you like to see (e.B. Student exchange, resource exchange, guest speakers, etc.)? How long should the agreement last? Should the agreement apply to a single department or cover the entire department, school or university? Having answers to such questions not only speeds up the process of writing a letter of intent, but also helps determine if there is already a letter of intent that meets your specifications. The parties acknowledge that information (if any) received from Miami regarding students may be protected by the Family Educational Rights and Privacy Act (“FERPA”) and agree to use such information only for the purposes for which it was disclosed and not to make it available to third parties without the prior written consent of the student. For the purposes of this Agreement, the home institution shall be deemed to be an “official of the university”. When the text of the agreement is finalized, it must be signed by the dean of the university and the comparable part of the university or external institution before it is considered active. If the provost grants the signing rights to a representative of the unit or school (p.B a dean), his signature is given the same authority as that of the provost. To obtain the Dean`s signature on a letter of intent, please contact UChicago Global at global@uchicago.edu. Any consent, waiver, notice, request, request or other instrument required or permitted by this Agreement or any related agreement shall be in writing and shall be sent in person or in advance by telex, cable or fax or carriage paid, stamped in advance, by registered mail, registered mail or express mail or by a deemed overnight courier and shall be deemed to have been issued: if delivered in person. telex, wired or transmitted or, if sent, five (5) days after delivery of the notice to the Courier, addressed to the addresses indicated herein or to any other address that may be subsequently provided in writing by either party.

Each institution is responsible for the expenses incurred by its employees under the agreement. A Memorandum of Understanding is a document that sets out the parties` general understanding of the essential elements that will be agreed upon in the future. A confidentiality agreement ensures that neither party may disclose sensitive information about the proposed cooperation without the consent of the other party. An exclusivity agreement prevents the parties from entering into negotiations with another institution on cooperation such as the one under discussion. Not all cooperation requires the conclusion of the three agreements. In many cases, all three agreements can be included in a single document, although if this option is chosen, institutions need to know which parts of the agreement have the force of law and which do not. International cooperation can usually consist of up to three short agreements before the conclusion of the main cooperation agreement. These agreements are: This agreement is entered into on this ___ day of __ between the University of Miami, a public college that is a political society and a company based at 501 E. High Street, Miami University, 213 Roudebush Hall, Oxford, Ohio 45056 (hereinafter Miami or Miami University) and [NAME OF PARTNER INSTITUTION] having its registered office at [ADDRESS OF PARTNER INSTITUTION]. 2.1 This Letter of Intent is valid for a period of [XX] years from the last date of signature. Either party may request termination of this Agreement in writing ninety (90) days prior to the proposed termination date. All activities in progress at the time of termination may be terminated as planned, unless otherwise agreed in writing.

The University of Chicago has stockpiled more than 100 memoranda of understanding at universities around the world. Maybe your needs are already taken into account in an existing and active agreement. Before you start working on a new LOI, contact UChicago Global at global@uchicago.edu to determine if there is already a LETTER of Intent that meets your specifications. 1.2 Any specific activity developed under this Agreement shall be signed in a subsequent agreement signed by the Signing Authority of each institution describing the scope of the proposed activity, the expected results, the budget and the relevant services or persons. In the context of international cooperation between two higher education institutions, it is advisable that the parties negotiate a confidentiality agreement before starting formal discussions. Again, one may wonder what the weight of a confidentiality agreement is, as it can be difficult to enforce, but experience shows that a confidentiality agreement can help focus the parties` thinking on putting in place appropriate procedures to protect confidential information that has been disclosed during the due diligence process. The agreement should not only prevent the other party from disclosing confidential information, but also establish minimum standards to ensure the security of the information. It may also attempt to prevent an institution from publicly discussing or making announcements about the cooperation without the consent of the other party. Finally, some confidentiality agreements are used to reduce the possibility of one party poaching key personnel from the other.

If a lengthy due diligence process is initiated, both institutions could receive information about each other`s key personnel. The confidentiality agreement can be used to ensure that one party does not offer employment to key employees of the other party. Such an agreement cannot be used to prevent the staff themselves from moving (this would be both a restriction on trade and contrary to the principles of academic freedom), although the parties may prevent each other from actively turning to such staff. A Memorandum of Understanding is not intended to establish the finest details of a collaboration. .