Professional Documents
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Mou
Mou
Mou
And
c. M/s ________________________________________________
Authorized Representative Position
Each of NRRDA, _______ and M/s _________________ are individually
referred to as a "Party" and collectively as "Parties".
2.1 This MoU shall remain in force until the Completion of the project as per
contract conditions issued in the tender and completion of Post Construction
Performance Monitoring for a period of 18 months.
2.2 However, notwithstanding the above, the Parties are free to extend the
term of this MOU on mutually agreeable terms and conditions.
3. DEFINITIONS
5. OBJECTIVES
6.1 NRRDA: To recommend the payment of construction cost for the Pilot
Project road to _____RRDA. The release of money will be through
normal PMGSY channels of fund flow. The charges @ 2.5% of the
construction cost would be recommended to the third party for training
of PIU and contractors Personnel, for overseeing the construction
activities, quality control and project management aspects through a
Competent Technical Consultant/ Research Organization appointed
with the acceptance of NRRDA.
6.2 ____RRDA : The Second Party viz _____RRDA follows the PMGSY
procurement and contract management procedures for the
implementation of the pilot project. A senior officer will be designated
for coordination with the other two parties and liaise with the third
party closely during the implementation as well as Post Construction
Performance Monitoring. ____RRDA receives the funds in the normal
channels of fund flow under PMGSY. ____RRDA and the designated
officer will try to learn all critical aspects of the project and will be
responsible for proper implementation of the Pilot Project.
8. CONFIDENTIALITY
The Parties agree:
(b) that unless and until the information properly comes into the public
domain, the second or third party shall maintain the secrecy and
confidentiality of any proprietary or confidential information with
respect to this research project (including without limitation to the
terms of this MoU and any financial information in connection with the
project) and shall not make, issue or release, from and after the date
hereof, any public statement of the existence of the material terms,
conditions and status of the research project provided for herein
without the prior written consent of the First Party. However, the
Second or Third Party with the permission from the First Party can use
the information for Research and Development Purposes.
(c) that the Second Party or Third Party shall not to use the
confidential information in any way and for any purpose other than for
the purposes envisaged by this MoU.
This MoU incorporates the initial intent expressed by the Parties , shall have
non-binding legal effect, and shall be subject and subservient to the terms of
any agreement hereinafter entered into between the Parties, provided,
however, that the confidentiality provision stipulated in Clause 10 herein,
shall be legally binding between the Parties.
The Parties hereto agree that this MoU is construed under and governed by
the laws of India
By NRRDA
Signature:
Witnesses
1. _________________________ 2. ________________________
By ___RRDA
Signature:
Witnesses
1. ________________________ 2. __________________________
By M/s __________
Signature:
Name & Title :
Witnesses
1. _________________________ 2. ________________________