The Parties agree to sign this MoU as a manifestation of a willingness and desire to undertake joint activities in areas of cooperation and collaboration, including but not limited to: Sharing knowledge and best practices related to effective and efficient management of academic activities such as learning, teaching, assessment and evaluation via technological innovation and advancement.
2. CONDITIONS AND ARRANGEMENTS
The cooperation and collaboration can be made known to the public.
It is not legally binding on the parties. The exact terms and conditions of any other future project(s) will be negotiated in due course and laid down in a contract, should circumstances permit.
Pending the possible signing of further agreement, all commercial and transaction information exchanged and further, neither party shall act upon such information exchanged to the detriment of the other party, such obligation constituting a separate and distinct right not dependent on the enforceability of this MoU.
This MoU will take effect from the Effective date and shall continue for a period of three years unless it is terminated or extended by mutual agreement of both parties.