This section remains in full force and effect even after termination of the Agreement by its natural termination or the early termination by either party. The Parties each agree to indemnify and hold harmless the other Party, its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from the negligence of or breach of this Agreement by the indemnifying party, its respective successors and assigns that occurs in connection with this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation. Both Parties represent that they are fully authorized to enter into this Agreement. This Agreement may be terminated at any time by either Party upon _ days written notice to the other Party. This Agreement shall commence upon the Effective Date, as stated above, and will continue until _. The MOU shall in no way obligate either Party to supply funds to maintain and/or sustain _. This MOU is not intended to create any rights, benefits, and/or trust responsibilities by or between the Parties. The Parties shall mutually contribute and take part in any and all phases of the planning and development of _to the fullest extent possible. It is not the intent of this MOU to restrict the Parties to this Agreement from their involvement or participation with any other public or private individuals, agencies, or organizations. The Parties shall work together in a cooperative and coordinated effort so as to bring about the achievement and fulfillment of the purpose of the MOU. Instead, it is an agreement between the Parties to work together in such a manner to encourage an atmosphere of collaboration and alliance in the support of an effective and efficient partnership to establish and maintain objectives and commitments with regards to all matters related to _. This MOU should not establish or create any type of formal agreement or obligation. The Parties intend for this MOU to provide the foundation and structure for any and all possibly anticipated binding agreement related to _ NOW THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows: WHEREAS, the Parties desire to memorialize certain terms and conditions of their anticipated endeavor WHEREAS, the Parties desire to enter into an agreement to _ and Legal Window has a team of experts providing you with the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to legal drafting of MOU.This Memorandum of Understanding (the “MOU”) is entered into _ (the “Effective Date”), by and between _, with an address of _ (“”) and _, with an address of _, (“”), also individually referred to as “Party”, and collectively “the Parties.” It cannot be constituted legally and is not enforceable by law but is a non-legally binding MOU which may be useful serving as an agreement between two or more departments within a single public entity. It is used as an indicator to check the intention of the parties transacting before a deal is officially signed and executed between them and it doesn't grant either of them any rights and can also be kept confidential, if desired. MOU is made when two or more parties are at the initial stage of discussion outlining the rights and obligations of the parties with whom agreement is to be entered. It is a type of Agreement entered when two or more parties have agreed on such terms and conditions to enter into a contract, but the contract is yet to be negotiated and finalized. In India Memorandum of Understanding (MOU) is also known as the Letter of Intent in which two parties conclude a decision.
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