SNIST definition
Examples of SNIST in a sentence
EXCLUSIVITY OF THE MOU MURATA and SNIST shall each have its unrestricted rights to seek additional funding from and /or to cooperate with any other agencies / institutions for the same scope of activities and shall each have unrestricted rights to enter into MOUs with any other parties.
Such a synergy will also bring the wisdom and talent / expertise of the SNIST into the Agri-Biotechnology and Agriculture/Horticulture oriented product testing for Murata.
Murata agrees to reimburse SNIST for all documented, out-of-pocket expenses incurred by SNIST’s faculty and student team under clause 3.5. The reimbursement shall be made within thirty (30) days after the date of each invoice raised by the SNIST.
The total amount of expenses incurred by SNIST for the duration of the scope of work under clause 2 shall not exceed Rs. 3,45,000 Indian Rupees (INR Three Lakhs and Forty Five Thousand) plus taxes as applicable (if any) according to the breakdown in Annex B of this MOU.
SNIST has expertise in emerging technologies innovation and deployment.
The Murata further undertake to maintain strict confidence of the SNIST’ administrative procedures / academic secrets that he may get by virtue of their association with this MOU ,since the Murata may get access to record, teaching methods, proprietary information, intellectual property etc., which the SNIST holds the rights and also any data of the Students /Faculty received by him.
All notices, requests, demands and other communications under this Memorandum or in connection herewith shall be given to or made upon the respective Parties as follows: Hexagon SNIST Chief Financial Office, Hexagon Capability Center India Private Limited, Plot No 5, Divya Sree Trinity Campus, Hitech City, Madhapur, Hyderabad, India 500081.
This MOU, is executed in duplicate with each copy being an official version and having equal legal validity .By signing below, the SNIST and Murata, acting by their duly authorized Officers/Representatives, have set their hands are caused this MOU to be executed as of the day and year above written/mentioned.