MEMORANDUM OF UNDERSTANDING
First party
Indus Trade Academy Shahrah e Faisal, Karachi Represented by Ms Sana Malik, Director
Second party
Korangi Association of Trade and Industry Korangi Industrial Area, Karachi Represented by Mr Faisal Ahmed, Secretary General
This Memorandum of Understanding ("MOU") is made on 3 November 2026 between Indus Trade Academy and Korangi Association of Trade and Industry (together, the "Parties").
1. Purpose. To work together on a pilot programme that trains 40 small exporters in Karachi on export documentation and Incoterms, between January and June 2027.
2. Responsibilities of Indus Trade Academy: (a) Design the course and provide two trainers (b) Provide course material and certificates (c) Report attendance and results each month
3. Responsibilities of Korangi Association of Trade and Industry: (a) Select and invite the 40 participants (b) Provide the training hall and equipment (c) Promote the programme to its members
4. Term. This MOU starts on 3 December 2026 and runs for 6 months, unless extended in writing or ended earlier. Either Party may end it with 30 days written notice.
5. Costs. Each Party pays its own costs of carrying out this MOU, unless agreed otherwise in writing.
6. Confidentiality. Each Party will keep confidential any non public information it receives from the other under this MOU, during its term and for two years after.
7. Legal effect. This MOU records the Parties' intentions. It is not legally binding and does not create a partnership or agency, except for clause 6 (confidentiality), which is binding. It is governed by the laws of Pakistan.
Sample MOU format. It is not legal advice: if the MOU commits money, property or exclusive rights, have it reviewed by a lawyer.