Indian Treaty Series
MEMORANDUM OF UNDERSTANDING
The Memorandum of Understanding is made between the Ministry of Science, Research & Technology of The Government of the Islamic Republic of Iran and Ministry of Information Technology of the Government of the Republic of India (hereinafter known as 'the Parties').
Desirous to cooperate in the field of Information Technology to mutual benefit based on the traditionally good relations between the two countries,
The Parties have agreed as follows:
The Parties shall establish the Joint Working Group on Information Technology (hereinafter referred to as the Joint Working Group)
The tasks of the Joint Working Group are to:
- supervise and monitor
the implementation of this Memorandum of Understanding
The Joint Working Group shall meet on a date and place mutually agreed upon through diplomatic channels with an agenda for discussions agreed in advance between the Parties. The parties shall cooperate in establishing a programme for the exchange of students, faculty and researchers in the field of Information Technology.
The Parties shall encourage joint ventures in the field of Information Technology training among public and private enterprises of India and Iran.
The Parties shall cooperate on mutually agreed upon terms and conditions for establishing joint software development and information technology companies in their respective countries with the purpose of exporting their products to third countries as also to meet the domestic needs.
The Parties shall cooperate to conduct market research, on mutually agreed upon terms and conditions, on the potential of Information Technology in Iran.
This Memorandum of Understanding shall enter into force on the date of its signing and shall remain valid for a period of five years and will be automatically renewed for the subsequent period of five years at a time unless either of the Contracting Parties give to the other side a written notice on its intention to terminate the Memorandum of Understanding six months prior to the date of its expiry.
This Memorandum of Understanding may be modified or amended by mutual consent in writing and such amendments and modifications shall form an integral part of this Memorandum of Understanding.
Any differences or disputes, if any, concerning the implementation of this MOU shall be settled through mutual consultations by the Parties.
Signed on 10 April 2001at Tehran in two originals each in Hindi, Farsi and English languages, all the texts being equally authentic. In case of any divergence of interpretation, the English text shall prevail.
the Government of the Islamic Republic Iran
Ministry Of External Affairs, India