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Memorandum of Understanding between the City of Burbank and the Burbank Management Association June 23, 2012September 25, 2016 through December 31, 20158Exhibit CABLE OF CONTENTS ARTICLE I RECOGNITION
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01
Start by introducing the parties involved in the memorandum of understanding.
02
Outline the purpose and objectives of the memorandum of understanding.
03
Specify the scope and duration of the agreement.
04
Define the roles and responsibilities of each party.
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Include any legal, financial, or technical obligations.
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Outline the process for resolving disputes or conflicts.
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Include any confidentiality or non-disclosure clauses.
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Discuss the process for amending or terminating the memorandum of understanding.
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Have both parties review and sign the memorandum of understanding.
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Keep copies of the signed memorandum of understanding for future reference.

Who needs memorandum of understanding between?

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Companies/partnerships entering into a business agreement.
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Non-profit organizations collaborating on a joint initiative.
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Government agencies working together on a project or program.
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Educational institutions establishing a partnership.
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Any entities looking to formalize a mutual understanding or arrangement.
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A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines the terms and details of their relationship, including their roles, responsibilities, and objectives.
Typically, organizations, government agencies, or individuals entering a collaborative agreement may be required to file an MOU, depending on the nature of the partnership.
To fill out a memorandum of understanding, parties should include the title, purpose, definitions, terms of cooperation, responsibilities of each party, duration, and any confidentiality clauses. All parties should review and sign the document.
The purpose of an MOU is to establish a mutual agreement and understanding between the parties involved, providing a framework for collaboration and outlining the intended outcomes of the partnership.
The MOU should report information such as the names of the parties involved, the purpose of the agreement, specific roles and responsibilities, timelines, and any financial or resource commitments.
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