MEMORANDUM OF AGREEMENT WORD FORMAT PDF
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Establishing what is expected from both parties.Outlining the nature of working relationships and.The Parties have entered into this Agreement on the date stated at the beginning of it.When working in partnership with other organizations, a good Memorandum Of Understanding template can come in handy to assist with: Each party shall individually bear the fees of their respective Advocate/Counsel for the proceedings.The cost of arbitration proceedings shall be equally borne by both the parties.

The award passed in the arbitration proceedings shall be final and binding on both the parties. The place of Arbitration shall be Mumbai. The arbitration proceedings shall be conducted in English.The award under this section shall be made within a period of 6 months from the date of commencement of the arbitral tribunal proceedings. In the event of any dispute or differences arising out of or in connection with this agreement, the parties hereto, agree to resolve their dispute by a sole arbitrator chosen by the parties in fast track procedure under the provision of Sec29B of Arbitration and Conciliation act of 1996.The Courts in Mumbai shall have exclusive jurisdiction over the subject matter of this Agreement. This Agreement shall be governed by the laws of India. The partner agrees to not run a better offer with any other bank partner No Exclusivity: Both Parties understand and agree that this Agreement in no way restricts either Party from entering into other marketing arrangements or agreements with any third party.Third party rights: This Agreement is made for the sole benefit and protection of the Parties, and no other person will benefit from or have any right of action under this Agreement.Failure or delay of a Party to insist upon or enforce strict performance of any provision of this Agreement or to exercise any right, power or remedy under this Agreement will not be a waiver of its exercise of that provision, right, power or remedy or preclude its exercise later. This Agreement may only be varied by a written document executed by both Parties. This Agreement constitutes the entire agreement between the Parties in relation to the subject matter of this Agreement. All of the counterparts together constitute one Agreement.

This Agreement may be executed in any number of counterparts and is not effective until each Party has signed at least one counterpart. Neither Party may assign or otherwise transfer this Agreement or any of its rights and obligations under this Agreement to any third party without the written consent of the other Party, except that either Party may assign this Agreement to its parent, affiliate or subsidiary without the other Party’s prior written consent.

MEMORANDUM OF AGREEMENT WORD FORMAT FULL

Any provision of this Agreement which contemplates performance or observance after the termination or expiry of this Agreement (including, without limitation, confidentiality and limitation of liability provisions) will survive such termination or expiry and continue in full force and effect.

Announcements: No announcement or notification will be made in relation to this Agreement or the Marketing Activities unless: (a) it is in a form agreed in writing between the Parties or (b) it is required to be made by law or by any securities exchange or regulatory or governmental body to which a Party is subject, in which case that Party will use reasonable endeavors to consult with the other Party as to the form, content and timing of the announcement.

IT IS AGREED BETWEEN THE PARTIES AS UNDER: That the Aggregatoris _ (Introduction of business) The Merchantis _ (Introduction of business) _ (hereafter referred to as “Aggregator” ), Having its office at _ _ (hereafter referred to as “Merchant” ) Having its office at _ This Memorandum of Understanding is made at _ on _ day of May 2020

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