Memorandum of Understanding (Mou)

Memorandum of
Understanding
(MoU)
This Memorandum of Understanding made on

the 2nd August of 2011 between
[SUN FUSSION TECHNOLOGIS -Hyderabad]
and
[ Vishakha Institute of Engineering and Technology-Narava]
Description of collaborating organisations

Formula training company was established in 1999 to provide English language
skills, Soft skills, Voice and accent skills and personality development skills. Later it
has been changed as Formula Training Company in the year 2010 with an objective
of enhances the students skills and capabilities all over the INDIA.
Vishakha Institute of Engineering and technology is on of the best colleges in
Andhra Pradesh , Which was started in the year 2007, with an objective to provide
more skilful and qualitative education with moral values for every student.
Objectives of this collaboration

1. To help the students to get complete knowledge about corporate
skills and to provide complete career guidance.
2. To enhance the quality of students by providing need based training
in the area of corporate sector as well as public sector.
3. To enhance the employability opportunities to every students
4. To improve the communication skills
Nature of collaboration:
1. This MOU is for enhancing the employability opportunities and to
enhance the placement opportunities of Vishakha Institute of
Engineering and technology- Narava, Visakhapatnam.
2. The primary purpose of this MOU is to introduce the add-on course
to Vishakha Institute of Engineering and technology college
students.
3. This MOU is basically Valid for one academic year further renewal
will be made on both parties agreement.
4. Both parties shall take all responsible steps to ensure the successful
completion or of this training and placements program and shall
cooperate each other in performance in their respective belongings.
5. Formula company shall provide Training and Vishakha Institute of
Engineering and technology college shall provide accommodation
and infrastructure facilities.
6. Vishakha Institute of Engineering and technology should collect
the amount from the students as per the financial deal made with
FORMULA company, Formula doesnt have any authority to
collect the fee from students Vishakha Institute of Engineering
and technology Directly.
7. Payment details: Formula has to provide 65 hours of training on
Soft skills communication skills and Aptitude skill. VIET has to
collect 1100/- per head and pay to Formula training company.
8. 40% of the amount will be paid at the beginning of the program
40% of the payment will be paid by on the second session starting
day 20% will be paid on the last day of the training.
Mutual obligations
1. This collaboration shall not be exclusive for both parties, College
should not have same collaboration with any other company with
out the prior information to acceptance of Formula Training
company.
2. Each party shall respect the others intellectual properties and shall
not use other parties Trade mark, Logo, and other brand name items
with out the prior written permission from the other party.
3. Each party shall be at liberty to terminate the MOU with a written
notice period of three (3) months to the other party by settling the
compensation and legal issues.
4. Any changes in implementation of procedure which are not as per
the present MOU will be discussed and incorporated in agreement
with both parties.
5. Training Schedules will be prepared by both parties on their
convenient dates.
6. Training Modules are prepared by both parties as per the students
requirement with both parties mutual unpretending.
7. Two days complimentary training will be provided on Recruitment
process before the campus selections .
This Memorandum of understanding is prepared in two identical copies .

Each party will hold one original duly signed.
Agreement signed on 2nd August 2011
For and on behalf of the

Vishakha Institute of
Engineering and Technology
........
(Shri P.Venkateswararao,
Secretary and correspondent
Visakha Institute of Engineering & technology)
For and on behalf of

Formula Training Company
.............
(Ksundara Rao
Managing Director,
Formula Training Company)

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Memorandum of

This Memorandum of Understanding made on

[ Vishakha Institute of Engineering and Technology-Narava]

Description of collaborating organisations

Objectives of this collaboration

This Memorandum of understanding is prepared in two identical copies .

For and on behalf of the

For and on behalf of

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