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Special Meeting of Council 13 June 2018 Page 1Attachment 4.1MEMORANDUM OF UNDERSTANDING Between:GOULBURN RIVER VALLEY TOURISM Land:GREATER SHEPPARTON CITY COUNCIL MITCHELL SHIRE COUNCIL MURRINDINDI

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How to fill out memorandum of understanding

01

Start by including the date and title at the top of the memorandum of understanding.

02

Write the names and official titles of all the parties involved in the agreement.

03

Clearly state the purpose of the memorandum of understanding and provide a brief background or context for the agreement.

04

Include any key terms or conditions that are agreed upon by all the parties.

05

Specify the duration or timeline of the agreement, if applicable.

06

Provide details on the roles and responsibilities of each party involved.

07

Include any financial or legal considerations, if necessary.

08

Have all the parties review and sign the memorandum of understanding to make it binding.

09

Make sure to keep copies of the signed memorandum of understanding for all parties involved.

10

Periodically review and update the memorandum of understanding as needed.

Who needs memorandum of understanding?

01

Memorandum of understanding (MoU) is needed by individuals, organizations, or companies who are entering into a non-binding agreement that outlines their intentions and terms of cooperation. It is commonly used in various contexts such as business partnerships, joint ventures, research collaborations, government or inter-government agreements, and nonprofit organizations seeking to formalize their relationships.

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What is memorandum of understanding?

A memorandum of understanding is a non-binding agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities.

Who is required to file memorandum of understanding?

Memorandum of understanding is typically filed by organizations, institutions, or businesses who are entering into a collaborative partnership or agreement.

How to fill out memorandum of understanding?

To fill out a memorandum of understanding, you need to include the names of the parties involved, the details of the agreement, the purpose of the agreement, and any other relevant information. It is recommended to consult with legal counsel when drafting a memorandum of understanding.

What is the purpose of memorandum of understanding?

The purpose of a memorandum of understanding is to establish a framework for cooperation between parties, set out the terms of their agreement, and clarify the expectations and responsibilities of each party.

What information must be reported on memorandum of understanding?

The memorandum of understanding should include details such as the parties involved, the purpose of the agreement, the scope of the collaboration, the timeline for the agreement, and any other relevant information.

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