Friday, 09 June 2017 01:29

Industrial Networking Unit

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Memorandum of Understanding (MOU)

A statement of understanding and intention of the parties in the transaction to collaborate with each other without creating any legislation relationship between themselves.  All parties are not bound with bonds, collateral or liabilities legislation.

 

Letter of Intent (LOI)

Initial desire or intention statement of the parties to collaborate. It do not bound any parties in term of law and remain as desire or intention.

 

Memorandum of Agreement (MOA)

Agreement occur when the parties in the transaction agree to create legislation relationship  between themselves and based on the respond of one or several deal offer by one party and accepted by other party. The parties are bound by the responsibilities, obligations and liabilities agreed and have legal implications.

Read 117 times Last modified on Tuesday, 13 June 2017 03:17
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Centre for Industrial & Governmental Collaboration (CIGC)
Universiti Malaysia Perlis
Level 2, Bangunan Pentadbiran Pusat Kejuruteraan dan Inovasi
Kampus Tetap Unimap Pauh Putra,
02600 Arau, Perlis
Office: +604 - 988 5722
Fax: +604 - 988 5723
Email: dir_cic@unimap.edu.my

                                
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