Standard format of MoU to setup Yunus Social Business Centre

Memorandum of Understanding
This Memorandum of Understanding (MOU) is entered between:

1.Yunus Centre (Grameen Bank Tower, 16th Floor, Mirpur 2, Dhaka – 1216, Bangladesh), hereinafter referred to as Yunus Centre or YC.
Yunus Centre Dhaka, Bangladesh is a social business hub for issues related to social business, working in the field of poverty alleviation and sustainability. It is 'aimed primarily at promoting and disseminating Professor Yunus’s philosophy, with a special focus on social business and is currently Chaired by Prof. Muhammad Yunus.

2.xxxx University (address of the organization), for the creation of YSBC, xxxx University.

Purpose:

3.University will create the Yunus Social Business Centre (YSBC), xxxx University and enter into this Memorandum of Understanding (MoU) to develop and expand a framework of cooperation between Yunus Centre and xxxx University for the creation of YSBC, xxxx University to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via mutual understanding and cooperation through:

a)Promoting mutual understanding and co-operation in areas of common interest in education, research, information gathering and action plans so as to depend and understanding of each other’s cultures and values that drive business and social changes.

b)The implementation of any activities under this MOU shall be the responsibility of a Director designated by xxxx University. The Director shall act as the principal contact for individual and group activities, distribute information, review and evaluate activities and propose additional initiatives.

The above goals will be accomplished by undertaking the following activities:
1.YSBC, xxxx University will be represented by a Board or committee constituted by the university authority which will conduct annual reviews of the organization to align its tasks towards the mission.

2.As part of the mission to promote Social Business YSBC, xxxx University will organize student service learning trips so students can learn first-hand techniques and programs which have been set up to assist the economic development of the poor in developing countries.

3.At least one senior faculty member (preferably at the Professor level and preferably from the School of Business or Economics) will be appointed as a director of the Centre with at least one full time staff.

4.It will have a clear budget approved by the university and a business plan outlining proposed programs, activities.

5.It will update the information on the social business pedia www.socialbusinesspedia.com regularly.

6.For the use of Yunus name an agreement will be signed with the Yunus Centre.

7.Yunus Centre, Dhaka and xxxx University will be happy to collaborate with the YSBC, xxxx University for promoting Social Business. This will be achieved through, but not limited to, social business action programmes, couses, research, publications, conducting social business design labs, conferences, exchange programmes, academic workshops, exposure visits, internships and scholarship programmes.

8.This MOU between Yunus Centre, Dhaka and xxxx University shall remain valid for an unlimited period unless it is amended or dissolved. Any one party may dissolve it by addressing a letter to the other party.

9.This MOU shall become effective upon signature by the authorized officials from the Yunus Centre, Dhaka and xxxx University and will remain in effect until modified or terminated by any one of the partners by mutual consent.

10.This MOU is legally non-binding. This is only for the purpose of recording the common interest of both the parties.

Contact Information: