Common use of TERMS OF UNDERSTANDING Clause in Contracts

TERMS OF UNDERSTANDING. The term of this MOU is for a period of one year from August 22, 2014 and may be extended upon written mutual agreement. It shall be reviewed annually to ensure that it is fulfilling its purpose and to make any necessary revisions.

TERMS OF UNDERSTANDING. The term of this MOU is for a period of one 1 year from August 22, 2014 the effective date of this agreement and may be extended upon written mutual agreement. It shall be reviewed at least annually to ensure that it is fulfilling its purpose and to make any necessary revisions. Either party may terminate this MOU upon thirty (30) days written notice without penalties or liabilities.

TERMS OF UNDERSTANDING. The term of this MOU is for a period of one year 3 months (Starting from August 22, 2014 01/02/2021 and ending on 01/05/2021) and may be extended upon written mutual agreement. It shall be reviewed annually at least once in two months to ensure that it is fulfilling its purpose and to make any necessary revisions.

TERMS OF UNDERSTANDING. The term of this MOU is for a period of one 1 year from August 22, 2014 the effective date of this agreement and may be extended upon written mutual agreement. It shall be reviewed at least annually to ensure that it is fulfilling its purpose and to make any necessary revisions.