Parntership Memorandum of Understanding (Mou) : Amyprince Petroleum Nig. LTD

Parntership Memorandum of Understanding (MoU)
AMYPRINCE PETROLEUM NIG. LTD
Insert file and version information here
Memorandum of Understanding
This document represents an agreement between
[Amos Chenchang Job]

and
[Obinna Prince Nwokoro]
Description of collaborating organisations

(Amos Chenchang Job) A graduate of Accounting Department, University of Jos with a strong passion for success in the field of business. [Under here include a brief description of the lead RTO and the partner organisations. For example, (The name of the lead RTO) is a Registered Training Organisation for the purpose of providing training, assessment and credentials in vocational education and training.] [(Prince Obinna Nwokoro) A media practitioner with specialisation in broadcasting engineering, passionate in the field of business and has recorded several successes in it. is a company that undertakes training and assessment of workers in the industry against the XXX Training Package and wishes to have that training and assessment recognised and qualifications and/or Statement(s) of Attainment awarded.]
Objectives and scope

This partnership is formed for the purpose of acquiring petroleum product from the depot and disposing them off to the filling stations in Nigeria. To be able to successfully prosecute our goals and objectives, we will be working with several agents who will also be involved in the aggressive marketing of this product. This partnership agreement shall be govern by the rule of Partnership 1890
The nature of the collaboration

(Amos Chenchang Job) Shall be involve in the general administration of the business. Also involve in the general marketing of this product.[Under here you need to describe the ways in which the partners will collaborate.] Other services to be provided includes general consultancy in the field of Accounting and other Allied services. (Prince Obinna Nwokoro) Shall be involve in the general administration of the business, and the general Marketing of the product. Is also responsible for the procuring the product from the deport.[Outline the services that are to be provided by the partner organisation(s).]
Definitions and interpretations

[If there are specific terms that need to be made clear, they should be included here. For example, you might want to make it very clear what you mean when you talk about the
materials that are used in the partnership. Therefore, you would provide a definition of materials (documents, equipment, stored data).]
The terms of the agreement

It is the Intention of this partner that the business will continue for a foreseeable future period. Amendment to this document shall be carried out only with the consent of both partners.
Organisation and management of the agreement

[Under this heading it is wise to allocate the various activities to each organisation in the partnership arrangement, eg under subheadings for the lead RTO and for each of the partner organisations.]
The lead RTO

[For the lead RTO this needs to include quite specific information on the roles and responsibilities of the personnel involved in the various components of the partnership. For example, the document should include: the name and contact details of the principal contact person for this particular agreement clear guidelines on lines of communication and agreed processes for communicating within and across the collaborating organisations, eg team meetings, assessor meetings details of record keeping associated with delivery and assessment including what, when, how and by whom this will managed an outline of the advice that can be provided on quality assurance of assessment and also how the lead RTO will be involved a framework for monitoring and evaluating the achievement of the objectives set by the agreement a strategy for ensuring the timely issuance of certification/qualifications.]
Partner organisation
[For the partner organisation this needs to include quite specific information on the roles and responsibilities of the personnel involved in the various components of the partnership. For example, the document should include: the name and contact details of the principal contact person/coordinators for this agreement an outline of the competencies/qualifications of staff involved and relevant facilities and learning resources required for delivery and assessment details of maintenance of record keeping associated with delivery and assessment of programs including how and by whom this will managed and then submitted to the lead RTO an outline of how personnel will be involved in the quality assurance processes agreed to on the advice of the lead RTO an outline of involvement in the processes for monitoring and evaluating the achievement of the objectives set by the agreement.]
Resources and facilities

[Under this heading you need to identify the equipment, learning materials and facilities that will be contributed by each of the partners.]
Financial arrangements
Partnership capital Contribution shall be in equal terms, and each partner Shall be entitle to a 50% interest on capital; [Here include details of the fees, charges and disbursements associated with the arrangement.]
Quality assurance
[Here set out clearly the lead RTOs obligations in relation to assuring the quality of all aspects of the assessment including the assessment system, the assessment processes, the assessors, the assessment evidence and the assessment judgements. Check Chapter 3 for the sorts of things that you should have covered under this heading.]
Communication and exchange of information

[Under here include an outline of how information and data that is generated by the collaboration is to be handled by all parties to the agreement. Include issues of confidentiality.]
Intellectual property
[Here you will need to include details of who retains the rights to the intellectual property if produced.]
Marketing and publicity

[Include a simple outline of how and what activities will be promoted here.]
Settlement of disputes
[In this important section, describe the process for resolving disputes that may arise among the partners to the agreement.]
Review and evaluation

[Here set out your plan and methods of determining whether you have met your objectives. Include how you will get feedback from candidates, your partners and any other key players that you think will provide information on the effectiveness of your partnership arrangement.] [You should also set out your strategy for regularly reviewing your operational processes and identifying issues of concern. Success rates and reassessments are data that is worth collecting.]
Further headings
[There may be other items such as disclaimers, transfer and assignment, warranty and indemnity that you want to include here.]
Effective dates and signatures

[Do not forget that for a written agreement to have the impact you need, appropriate authorities from each partner involved in the partnership, and all partners, should sign the document.]
Schedules or appendices
[Schedules or appendices may include details of what will be assessed under the agreement, including details of the relevant Training Package(s) and a full listing of the qualifications to be covered.]

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Parntership Memorandum of Understanding (Mou) : Amyprince Petroleum Nig. LTD

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Parntership Memorandum of Understanding (MoU)

AMYPRINCE PETROLEUM NIG. LTD

Insert file and version information here

[Amos Chenchang Job]

[Obinna Prince Nwokoro]

Description of collaborating organisations

Objectives and scope

The nature of the collaboration

Definitions and interpretations

Insert file and version information here

Insert file and version information here

The terms of the agreement

Organisation and management of the agreement

The lead RTO

Resources and facilities

Insert file and version information here

Communication and exchange of information

Marketing and publicity

Review and evaluation

Effective dates and signatures

Insert file and version information here

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