This Agreement is entered into on the 2007 by and between Indian Institute of Technology Bombay (hereinafter called IITB) situated at Powai, Mumbai India 400 076, an Institute of national importance established by a special act of Parliament of Republic of India, and Polytechnical University of Marche (hereinafter called University) situated at Ancona, 60100, Italy.


OBJECTIVES OF THE MOU

The objective of this Memorandum of Understanding is:

a.    to promote and enhance scientific and academic cooperation and interaction between IITB and University in mutually beneficial areas.

b.   to provide a formal basis for initiating interaction between IITB and University.


1.   PROPOSED MODES OF COLLABORATION

IITB and University/Company propose to collaborate through the following:

a.    Cooperation and promotion of research and development and publication in areas of mutual interest.

b.   Formulation of joint research proposals and participation in joint research Programmes

c.    Visits by faculty, students and researchers to each other's organisation, for initiating and implementing joint projects on mutually agreed terms.

d.   Organisation jointly of Seminars / Workshops in areas of mutual interest.

e.    Any other interaction related to research and development cooperation in areas of mutual interest.



2.   AGREEMENTS FOR COLLABORATION

The themes of joint activities / collaboration, conditions of utilizing the results achieved, arrangements for specific visits and other forms of cooperation will be developed mutually for each specific case with appropriate written agreements where necessary. The signing of this agreement does not entail any financial obligation for either party.


Whilst the purpose of this MOU is to outline an academic and management framework between the two parties, designed to promote international cooperation in both institutions, the parties do not intend to be legally bound to each other, and this Agreement does not impose legal obligations on either party.



3.   JOINT MANAGER AND WORKING PARTIES

Each party will appoint one person to act as the Joint Managers of this Agreement. Rector of  University will act as the Joint Manager for University and Dean Research and Development will act as the Joint Manager for IITB.


The Joint Managers may nominate appropriate personnel to manage the details of the particular activities or programmes taken up under this Agreement.



4.   PUBLICITY AND ADVERTISING

The parties agree that each may publish or advertise the existence and nature of the activity under this Agreement, provided that the other party has not indicated in writing that a specific matter should remain confidential.


All marketing or publicity material produced by University, which refers to IITB will be submitted to IITB for approval before public distribution. Similarly all marketing or publicity material produced by IITB, which refers to University will be submitted to University for approval before public distribution.



5.   TERM AND TERMINATION

This Agreement will be effective upon signature of the respective authorities of both parties for a period of five years, at which time it will be reviewed for possible renewal for a further five year period.


The Joint managers may by mutual agreement at any time and subject to written ratification by the appropriate authorities of each party, modify the activities and the arrangements undertaken under this Agreement.


Either party may, on six months notice in writing, terminate this Agreement in advance of its normal expiration or request the renegotiation of its conditions. Under normal circumstances, staff or students who have commences an activity under this Agreement should be allowed to complete the activity, under the conditions applying when notice was given.


This MOU is executed in duplicate with each copy being an official version and having equal legal validity.


By signing below, the parties, acting by their duly authorized officers, have caused this Memorandum of Understanding to be executed, effective as of the day and year first above written.



On behalf of                                                  On behalf of



Indian Institute of Technology                      Polytechnical University of Marche

Bombay                                        



By           :                                                      By           :      



Name      :                                              Name      :  Prof. Marco Pacetti

Title :  Dean Research & Development                 Title :  Rector