Arshad Ali

MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN Govt: College of Technology Tangi, Charsadda & Hikmat Pump (Pvt) Ltd. Islambad FOR APPRECENTISHIPS/INTERNSHIPS & PLACEMENT MEMORANDUM OF UNDERSTANDING This Memorandum of Understanding (hereinafter called as the 'MOU') is entered into on this the 20th day of – july – Two Thousand and Twenty (2020), by and between Govt. College of Technology Tangi charsadda ( the First Party ) represented herein by Principal of the institute (Engr. Waqar Ahmad) AND Hikmat Pump (Pvt) Ltd. Islambad (the Second Party) represented herein by its Regional Head, Hikmat Khan (CEO) (Second Party) (First Party and Second Party are hereinafter jointly referred to as ‘Parties’ and individually as ‘Party’) as WHEREAS: A) First Party is a Technical College named: (i) Govt. College of technology tangi, charsadda B) First Party & Second Party believe that collaboration and co-operation between themselves will promote more effective use of each of their resources, and provide each of them with enhanced opportunities. C) The Parties intent to cooperate and focus their efforts on cooperation within area of Skill Based Training and experience. D) Both Parties, being legal entities in themselves desire to sign this MOU for advancing their mutual interests. E) Hikmat Pump (Pvt) Ltd. Islambad, the Second Party is engaged in Business, Manufacturing, Skill Development, Education Services in the fields related to Electrical & Mechanical Technologies. NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES SET FORTH IN THIS MOU, THE PARTIES HERE TO AGREE AS FOLLOWS: CLAUSE 1 CO-OPERATION 1.1 Both Parties are united by common interests and objectives, and they shall establish channels of communication and co-operation that will promote and advance their respective operations within the Institution and its related wings. The Parties shall keep each other informed of potential opportunities and shall share all information that may be relevant to secure additional opportunities for one another. 1.2 First Party and Second Party co-operation will facilitate effective utilization of the intellectual capabilities of the faculty of First Party providing significant inputs to them in developing suitable teaching / training systems, keeping in mind the needs of the industry, the Second Party. 1.3 The general terms of co-operation shall be governed by this MOU. The Parties shall cooperate with each other and shall, as promptly as is reasonably practical, enter into all relevant agreements, deeds and documents (the ‘Definitive Documents’) as may be required to give effect to the actions contemplated in terms of this MOU. The term of Definitive Documents shall be mutually decided between the Parties. Along with the Definitive Documents, this MOU shall represent the entire understanding as to the subject matter hereof and shall supersede any prior understanding between the Parties on the subject matter hereof. CLAUSE 2 SCOPE OF THE MoU 2.1 The passed out students from the institutions could play a key role in technological up-gradation, innovation and competitiveness of an industry. Both parties believe that close co-operation between the two would be of major benefit to the student community to enhance their skills and knowledge. 2.2 Curriculum Design: Second Party will give valuable inputs to the First Party in teaching / training methodology and suitably customize the curriculum so that the students fit into the industrial scenario meaningfully. 2.3 Industrial Training & Visits: Industry and Institution interaction will give an insight in to the latest developments / requirements of the industries; the Second Party to permit the Faculty and Students of the First Party to visit its group companies and also involve in Industrial Training Programs for the First Party. The industrial training and exposure provided to students and faculty through this association will build confidence and prepare the students to have a smooth transition from academic to working career. The Second Party will provide its Labs / Workshops / Industrial Sites for the hands-on training of the learners enrolled with the First Party. 2.4 Skill Development Programs: Second Party to train the students of First Party on the emerging technologies in order to bridge the skill gap and make them industry ready. 2.5 Guest Lectures: Second Party to extend the necessary support to deliver guest lecturers to the students of the First Party on the technology trends and in house requirements. 2.6 Placement of Trained Students: Second Party will actively engage to help the delivery of the training and placement of students of the First Party into internships/jobs; and will facilitate placements for at least 10% of the students. The Second Party will itself absorb at least 50% of the trained students. 2.7 Both Parties to obtain all internal approvals, consents, permissions, and licenses of whatsoever nature required for offering the Programmes on the terms specified herein 2.8 There is no financial commitment on the part of the Govt. College of technology tangi, (the First Party) to take up any programme mentioned in the MoU. If there is any financial consideration, it will be dealt separately. CLAUSE 3 VALIDITY 4.1 This Agreement will be valid until it is expressly terminated by either Party on mutually agreed terms, during which period Hikmat Pump (Pvt) Ltd. Islambad, the Second Party, as the case may be, will take effective steps for implementation of this MOU. Any act on the part of Training Partner or Hikmat Pump (Pvt) Ltd. Islambad, the Second Party after termination of this Agreement by way of communication, correspondence etc., shall not be construed as an extension of this MOU 4.2 Both Parties may terminate this MOU upon 30 calendar days’ notice in writing. In the event of Termination, both parties have to discharge their obligations CLAUSE 4 RELATIONSHIP BETWEEN THE PARTIES 5.1 It is expressly agreed that First Party and Second Party are acting under this MOU as independent contractors, and the relationship established under this MOU shall not be construed as a partnership. Neither Party is authorized to use the other Party’s name in any way, to make any representations or create any obligation or liability, expressed or implied, on behalf of the other Party, without the prior written consent of the other Party. Neither Party shall have, nor represent itself as having, any authority under the terms of this MOU to make agreements of any kind in the name of or binding upon the other Party, to pledge the other Party’s credit, or to extend credit on behalf of the other Party. First PartySecond Party AGREED: For Govt. College of Technology Tangi For Hikmat Pump (Pvt) Ltd. Islambad _ _ _ Authorized SignatoryAuthorized Signatory Govt. College of Technology Tangi Hikmat Pump (Pvt) Ltd. Islambad Distt. Charsadda, Tehsil Tangi, Charsadda Road, Tangi. Islamabad, Rawat - Cell #: -- - www.gcttangi.edu.pk None Witness 1: Witness 2: Witness 3:Witness 4: