MoUs with industries

Memoranda of Understanding (MoUs) are formal agreements between an organization, like a university or government body, and an industry partner. They outline mutually agreed-upon goals, roles, and responsibilities without being legally binding. This helps both parties collaborate effectively, such as sharing research, developing new technologies, or providing training. MoUs foster cooperation, establish clear expectations, and lay the groundwork for future joint projects, benefiting both the organization and the industry through knowledge exchange and innovation.