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This Memorandum of Understanding (MOU) is made on this day of May 31, 20__ by and between: Ministry of Telecommunications of India and ROSTELECOM Agency:
Whereas, TELECOM CO. of India, incorporated in India and ROSEXPORT incorporated in the Russian Federation have decided to conclude Contract No. 69 for designing, developing, manufacturing, testing, launching, and delivering a satellite communication system, hereinafter referred to as «Contract»;
Whereas, the parties recognize that the proper fulfilment of the Contract and the satisfactory operation of the satellite system during its lifetime, also depends on the proper training of personnel for in-orbit service of Satellite in accordance with Contract provisions;
Whereas, the complete fulfilment of the Contract is of importance for strengthening friendly relations and economic cooperation between the two countries.
The Parties have agreed on the following:
1. The Contract shall be fulfilled in complete and in accordance with the conditions agreed upon therein and the parties undertake to do their utmost to that effect.
2. The Parties shall respectively encourage TELECOM CO. and ROSEXPORT to perform all their obligations under the Contract in strict accordance with the delivery and payment schedules agreed therein.
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3. The Parties shall provide TELECOM CO. and ROSEXPORT with all such assistance that may be required for the proper fulfilment of their obligations under the Contract in strict compliance with the delivery and payment schedules agreed upon therein.
4. The Parties shall grant TELECOM CO. and ROSEXPORT all licences, or other authorizations that may be required for meeting their obligations under the Contract.
5. The Parties shall refrain from any action that may hinder the proper fulfilment of the Contract in accordance with conditions agreed upon therein and undertake to remove such obstacles.
For and on behalf of
Ministry of Telecommunications of India
For and on behalf of
ROSTELECOM Agency
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FOCUS 2. Comprehension questions.
LEAD-IN
? Why is it necessary to draw up minutes of meeting?
? What is this document aimed at?
MINUTES OF MEETING
? What main issues do MOM cover?
? What is the subject of the negotiations?
? What have the Parties agreed upon in the course of technical negotiations?
? What are the results of the price negotiations?
? What possible steps is ROSEXPORT going to take to make the price positions closer?
? What issues are stated in the appendix to the MOM?
