Memorandum of Understanding between Central Sanskrit University and HCL Technologies Limited
Date
2024-11-05
Journal Title
Journal ISSN
Volume Title
Publisher
Central Sanskrit University, New Delhi
केन्द्रीय संस्कृत विश्वविद्यालय, नई दिल्ली
केन्द्रीय संस्कृत विश्वविद्यालय, नई दिल्ली
Abstract
Description
A Memorandum of Understanding was signed on November 5, 2024, between Central Sanskrit University, New Delhi, and HCL Technologies Limited , to explore collaborative opportunities in learning, assessments, and technology. The MoU outlines the intent of both parties to negotiate in good faith toward a formal agreement by May 5, 2025. While discussions continue, certain activities outlined in the annexure may commence immediately. The MoU includes confidentiality clauses, intellectual property rights, and cost-sharing responsibilities, emphasizing that each party bears its own expenses. It ensures no legal liability arises from failure to finalize the agreement and limits liability in all cases. The MoU preserves existing ownership of intellectual property and restricts employment transitions between parties for a specified period. Governed by Indian law, the document clarifies that it creates no binding contractual obligations, joint ventures, or agency unless further formalized, and allows extension or termination by mutual agreement.
Keywords
Memorandum of Understanding, MoU, Mutual Cost Bearing, HCL, CSU, Confidential Information, Employee & Student Data