MOU

Saic Professional Training Centre (SPTC) uphold some different Step by Step Process of MoU.

Memorandum of Understanding (MOU): A memorandum of understanding (MOU) is a document describing a bilateral agreement between parties(Industry/ Company). SAIC Professional Training Centre always expresses a convergence of will between the parties with the Honorable Managing Director-SAIC Group, indicating an intended common line of action. It is more formal than a verbal or “hand-shake” agreement but generally lacks the binding power of a contract. MOUs do not require any party to commit funds or other resources.

The MOU does not create duties or legally enforceable liabilities or obligations for any party nor does it establish a standard of care attributable to the activities associated with the subject of the agreement.

SPTC maintained some formal norms to contain the following provisions:

• a listing of the parties involved;
• a purpose;
• terms and conditions;
• appropriate bilateral signatures;
• duration of the agreement; and
• any special provisions as applicable.

To see a flowchart overview of the process of SPTC is under below.

Step 1: 

Determine if need a new agreement and if so with any industry/Company, what kind of agreement is appropriate.

1. Short Term
2. Long Term

Step 2: 

Need to make a good relationship to work with to create an agreement or to have an agreement originating from the most superior approved.

Step 3:

Refer to the guidelines from this site to create a draft of SPTC agreement. Agreements with Industry or Company entities require additional review and standard language approved by the Head of both parties.

The following items MUST be contained in all agreements:

• Receiving campus (Aria-SPTC, SPTC-2, SPTC Bogura, SPTC Jamalpur, SPTC-Dinajpur, SPTC-Mymensing).
• Type of agreement (MOU)
• Start date of an agreement
• Termination date of the agreement (this could also be the renewal date if automatic renewals are included)
• Mode of Payment.
• External entity/agency ( Monitoring, Evaluation & Audit purpose)

List of Industry:

Draft of MoU:

Memorandum of Understanding(MOU) - View