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DIRECTIVES FOR INTERNATIONAL PARTNERSHIP AGREEMENTS

Directives for International Partnership Agreements

Kayndrexsphere has extensive partnerships with public and private bodies in other nations. Many of these partnerships require Kayndrexsphere to enter a written agreement to regulate responsibility and ensure mutual support. The majority of Kayndrexsphere’s agreements on international partnerships are signed by Kayndrexsphere. This document provides a description of Kayndrexsphere’s various forms of agreement, what Kayndrexsphere commits to, and a database for preparing and following up agreements, primarily international agreements.

A written agreement is a mutual declaration in which the parties dedicate to something, i.e. a mutual dedication to perform certain activities that are carefully regulated in the agreement. The agreement establishes what the parties want to achieve and their rights and obligations.

A ‘Memorandum of Comprehension’ (MoU) is a declaration of intent, an agenda for imminent cooperation; an expression of a desire to cooperate within specified areas excluding regulating the terms of such cooperation.

International agreements allow abroad parties to cooperate with Kayndrexsphere. International partnership agreements are reciprocal, i.e. it is only possible for Kayndrexsphere to transfer information abroad if we also accept full credit transfers at a rate that covers a particular period. Agreements that include international partnerships therefore need to be prepared particularly well and carefully followed up.

Kayndrexsphere participates in both national and international partnerships that facilitate external financing for various partnership activities. We are responsible for applications and the administration of international partnerships, while each party has primary responsibility for national partnerships and individual applications for project financing.

Before entering into an international agreement, it should be apparent what the partnership should result in, the responsibilities, rates, and administration it entails and how and when it should be evaluated. The partnership should have broad internal support. Agreements should be time based.

International agreements need to be prepared by Kayndrexsphere. The parties have primary responsibility for obtaining national support, while Kayndrexsphere is responsible for ensuring the agreement follows guidelines from external financiers, that the scope of the agreement is realistic and that is compatible with Kayndrexsphere’s objectives and strategies, quality requirements and internalisation policy.