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1. Parties: Identification of the parties entering into the MOU, including full legal names, registration numbers, and registered addresses
2. Background: Context of the strategic partnership, including the parties' business activities and reasons for collaboration
3. Definitions: Key terms used throughout the MOU defined for clarity and consistency
4. Purpose and Scope: Clear statement of the strategic partnership's objectives and the scope of collaboration
5. Non-Binding Nature: Clear statement that the MOU is non-binding except for specific clauses (such as confidentiality)
6. Principles of Cooperation: General principles guiding the partnership and expected conduct of parties
7. Areas of Collaboration: Specific areas where the parties intend to work together
8. Roles and Responsibilities: General outline of each party's anticipated contributions and responsibilities
9. Confidentiality: Obligations regarding the protection of confidential information shared during the partnership
10. Duration and Termination: Term of the MOU and circumstances under which it may be terminated
11. Communication: Framework for communication between parties and designated contact persons
12. Costs: Basic principles regarding the bearing of costs during the exploratory phase
13. Governing Law: Specification of Malaysian law as the governing law
14. Signatures: Execution block for authorized representatives of each party
1. Intellectual Property Rights: Provisions regarding ownership and use of IP when the partnership involves creation or sharing of intellectual property
2. Exclusivity: Terms regarding exclusive negotiations or collaboration when parties require exclusivity
3. Future Definitive Agreement: Framework for developing binding agreements when parties anticipate moving towards formal contracts
4. Resource Commitment: Specific commitments of resources when parties want to specify preliminary commitments
5. Dispute Resolution: Alternative dispute resolution procedures when parties want to specify conflict resolution mechanisms
6. Public Announcements: Guidelines for public communications when the partnership may have public relations implications
7. Compliance: Specific compliance requirements when operating in regulated industries or involving cross-border activities
8. Force Majeure: Provisions for unforeseen circumstances when parties want to address potential disruptions
1. Schedule 1 - Contact Details: List of key contact persons and their details for each party
2. Schedule 2 - Initial Project Plan: Preliminary outline of intended collaborative activities and timelines
3. Schedule 3 - Confidentiality Terms: Detailed confidentiality provisions and procedures
4. Schedule 4 - Resource Allocation: Preliminary allocation of resources and contributions from each party
5. Appendix A - Company Profiles: Background information about each party's business and relevant capabilities
6. Appendix B - Technical Requirements: Technical specifications or requirements relevant to the partnership
7. Appendix C - Regulatory Requirements: Relevant regulatory requirements or compliance matters
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