Memorandum of Understanding (MoU)

A basic note stating the intention of the parties to cooperate in a particular field on basic terms of a general nature. This Letter of Cooperation is not legally binding on the parties and is signed for a general purpose, does not involve Government policies, financial implications and national security.

A statement of understanding and intention of the parties to cooperate in certain areas without establishing a legal relationship between them. The parties are not bound by any legal obligations or liabilities.

Memorandum of Agreement (MoA)

Memorandum of Understanding (MoU) – Renewal

An agreement in which the parties agree to establish a legal relationship with each other based on a reply or some other party’s promise. The parties are bound by mutually agreed responsibilities/obligations, risks and liabilities including financial implications. Any breach of the terms and conditions in the MoA will enable the other party to take legal action against the party who made the breach.

Student Exchange Agreement is classified as MoA

Renewal intention shall be made 3 – 6 month before the expiry date or based on the terms and conditions stated in the current agreement.