Memorandum of Understanding

MEMORANDUM OF UNDERSTANDING

THIS MEMORANDUM OF UNDERTAKING IS MADE on this___day of_____2020 between ABC Management (MANAGE) having its office at No 1, xxxxxx, Lagos which expression shall include authorized representative of the first part

AND

XYZ Training Centre, having its Office at______(Training Centre) represented by its authorized representative of the second part.

THIS MEMORANDUM OF UNDERSTANDING WITNESSES AS FOLLOWS:

1. Whereas the Training Centre is desirous of undertaking a joint project for the training and handholding component of the said Scheme with MANAGE, the two parties to this Memorandum of Understanding, with the intention of both being legally bound, accept the following terms and conditions:

Coordination and Contact Points

1. MANAGE for coordination on broad policy issues and matters related to centralized operations.
2. Training Centre for all operational matters which includes training, handholding component as per MANAGE guidelines.

Responsibilities of the Training Centre

The Training Centre shall;

A) organize training and handholding activities under the Agri-Clinics and Agri-Business Centres Scheme as per the MANAGE guidelines.

B) Ascertain for itself the financial viability of the project and shall fund all cost over runs, if any;

C) Not make any financial commitment on behalf of MANAGE, nor shall take loans or create any other financial liability binding MANAGE under this agreement;

D) Have all employees relating to this project on its payroll, or shall invite outside Guest Speakers/faculty on its own, and MANAGE shall have no legal, financial or any other responsibility towards them;

E) Follow the course outline supplied by MANAGE, as may be amended from time to time;

F) Conduct no such parallel activity which may be prejudicial to the interests of the said Scheme, or MANAGE;

G) Maintain records of the trainees and their regular attendance, and share them with MANAGE;

H) Provide the following minimum infrastructural facilities: