Road, Ortigas Center, Pasig City 1605, Metro Manila, Philippines and represented herein by its Senior Vice President, Mr. Under Philippine Law, with principal office at 1905 Orient Square Building, Don Francisco Ortigas Jr. CO., a duly registered limited partnership organized Of the 6th day of September, 2006 at Pasig City, by and between: This Memorandum of Agreement is made and executed as CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION All parties should receive a written copy of their agreement before they leave the session.CONFIDENTIAL TREATMENT REQUESTED.Be absolutely sure that all parties sign the agreement.Keep in mind that the Memorandum of Agreement is a Settlement Agreement therefore, appropriate personnel will need to clearly understand the terms of the agreement in order to effectuate the contents of the agreement.Each party should be able to understand its responsibilities in terms of the agreement. You should read each item out loud and ask each party if the wording is accurate. Carefully review each item in terms of the agreement with both parties to ensure that each item is correct and appropriately captures each party’s intent.Careful reality checks should be done with the parties to ensure that the terms of the agreement are realistic and within their scope of authority.As much as possible, address: who, what, when, and how questions. For example, state what someone will do, not what they will not do. Agreements should be written in positive language.Start with “both parties agree” then state what each individually agrees to then close with “both parties agree.” Balance is not that each party has the same number of bullet points but that what is expected of each in the future has a sense of balance for them. Agreements should strive for balance – a “sandwich” model can be useful.Whenever possible, use the wording of the parties when drafting the mediation agreement. Make sure that the wording is clear and concise. Only use one Memorandum of Agreement form when writing the terms of an agreement.Tips for Writing a Memorandum of Agreement (MOA) or Memorandum of Understanding (MOU) It has agreed-upon goals and a risk assignment. When two parties sign a MOA, it is a formal agreement about what each party can expect from the other. Step 6: Sign the Agreement Is a Memorandum of Agreement (MOA) a Legal Document?Ī Memorandum of Agreement (MOA) is a type of contract enforceable by law.This will ensure all parties have seen and reviewed the draft MOA or MOU Send the Draft MOA or MOU out for coordination with a sign-off sheet.Step 4: Submit Draft Agreement for Coordination Review. Have one person be the focal point for drafting the agreement.Who needs to sign the MOA or MOU, and who needs to be a part of its development?.Step 2: Determine the parties involved in developing the agreement.Memorandum of Understanding: Agreement of common goals between two or more parties.Memorandum of Agreement: A legal document that describes a partnership and agreed-upon objectives.Step 1: Determine the Appropriate Agreement Type.Signatures of Parties’ Principals Template: US Army Memorandum of Agreement Template: NASA Memorandum of Agreement 6 Steps to Writing a Memorandum of Agreement (MOA) or Memorandum of Understanding (MOU).Detailed Description of Roles and Responsibilities.Financial obligations of each party, if applicable.
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