This Agreement shall enter into force on the date of the last Party that signed the MOA below. The parties accept this Memorandum of Understanding by their signatures below. A Memorandum of Understanding (MOA) is a written document describing a cooperative relationship between two parties who wish to work together on a project or achieve an agreed goal. A MOA serves as legal validity and describes the terms and details of the social contract. A MOA is more formal than an oral agreement, but less formal than a contract. Organizations can use a MOA to enter into and outline cooperation agreements, including service partnerships or technical assistance and training agreements. A MOA can be used regardless of whether or not the money should be exchanged as part of the agreement. A statement of intent is the expression of consent to prosecution. It shows that the parties have reached an agreement and are moving forward. Although it is not legally binding, it is a serious statement that a treaty is imminent.
Each party assumes legal and financial responsibility for the actions of its employees, senior managers, representatives, representatives and volunteers. Each party agrees to release, defend and hold the other party, to the extent permitted by law, from and against any and all claims, claims, actions, debts, losses, damages and expenses, including reasonable attorneys` fees, arising out of or resulting from the acts or omissions of the released party in connection with its participation in this agreement. The Memorandum of Understanding does not create legally enforceable obligations or obligations for a party, nor does it set a standard of care applicable to activities related to the subject matter of the contract. . . .