National Institute of business MOU with Evershine Edu Sdn Bhd"EVE",Malaysia
On 29 January 2016, the National Institute of Business of the Ministry of Labour and Vocational Training, the Kingdom of Cambodia signed the Memorandum of Understanding (MoU) with the Evershine Edu Sdn Bhd “EVE”, Malaysia.
Purpose: The parties agree to enter into a collaborative arrangement to operate training programs more specifically described in the First Schedule (the ‘Programs’) in the Territory at NIB in accordance with the terms and upon the conditions set forth herein.
Term of Agreement: This agreement shall be deemed to commence on 01 February 2016 (hereinafter referred as ‘Commencement date’) for an initial period of 5 years, and shall continue in force unless otherwise terminated with the terms contained therein.
Program Requirements: At each academic semester, the representatives of EVE and NIB shall determine the mix of lecturers/tutors from both EVE and NIB for agreed programs:
1. Short course programs which will be mentioned in separate agreements.
2. ACCA Program
3. International Internship/Exchange Program
4. English Program
5. Business Management
6. Banking and Finance
7. Sales and Marketing
8. Accounting and Finance
10. Supply Chain and Logistics
Termination: Despite anything to the contrary in this Agreement, the Agreement may be terminated
(a) by mutual agreement between the Parties on and from a date to be mutually agreed; (b) by either Party giving the other three (3) months’ notice in writing of an intention to terminate; (c) breach of the terms of the Agreement and the defaulting Party does not remedy the breach within a reasonable time period
Entire Agreement: This Agreement constitutes the entire Agreement of the Parties as to its subject matter and supersedes and cancels all prior agreements, understandings and negotiations in connection with this.