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f. Training programmes including degree and non-degree
programmes. For the purpose of implementing the co-operation in respect of any
area stated in a rticle II the parties will enter into a legally binding agreement subject to terms and conditions as mutually agreed upon by
Parties including clauses on “confidentiality “, ”suspension”, ”protection of intellectual property rights” and “settlement of
dispute” as contained in this memorandum of understanding.
5.3 Financial arrangements
In the third agreement, both parties focus on financial arrangements. They agree that this memorandum of understanding
will not give rise to any financial obligation by one Party to the other; moreover each Party will bear its own cost and expenses in relation to
this memorandum of understanding. It can be seen from the quotation
below.
1. This memorandum of understanding will not give rise to any
financial obligation by one Party to the other. 2.
Each Party will bear its own cost and expenses in relation to this memorandum of understanding.
5.4 Effect of MOU
In the fourth agreement, both parties focus on effect of memorandum of understanding. They agree that this memorandum of
understanding serves only as a record of the Parties intentions and does not constitute and create, and is not intended to constitute or
create, obligations under domestic or international law and will give
not rise to any legal process and will not be deemed to constitute or create any legally binding of enforceable obligations, express or
implied. It can be seen from the quotation below.
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This memorandum of understanding serves only as a record of the Parties intentions and does not constitute and create, and is not
intended to constitute or create obligations under domestic or international law and will give not rise to any legal process and will
not be deemed to constitute or create any legally binding of enforceable obligations, express or implied.
5.5 No agency
In the fifth agreement, both parties focus on no agency. They agree that nothing contained herein is to be construed so as to be constitute a
joint venture partnership or formal business organisation of any kind between the Parties or so to constitute either Party as the agent of the
other. It can be seen from the quotation below.
Nothing contained herein is to be construed so as to be constitute a joint venture partnership or formal business organisation of any kind
between the Parties or so to constitute either Party as the agent of the other
.
5.6 Ecntry into effect and duration
