Memorandum of Agreement (MOA) signing between MSU-CNSM and MIT-Marawi
A Memorandum of Agreement (MOA) between partner institutions serves several key purposes. A MOA is a legally binding document that (1) creates enforceable rights and obligations for the parties involved; (2) lays out detailed terms and conditions of the partnership, including specific actions to be taken, timelines, responsibilities, and financial commitments; (3) provides clarity on the roles, responsibilities, and expectations of each party, ensuring accountability; (4) specifies the allocation of resources, such as funding, personnel, equipment, and other support necessary for the partnership's activities; (5) includes mechanisms for resolving disputes and conflicts that may arise during the collaboration, (6) may outline performance metrics and milestones to evaluate the progress and success of the partnership; and (7) sets the duration of the agreement and the conditions under which it can be terminated, amended, or extended. Overall, an MOA formalizes the partnership, ensuri...
