3.7.3 number of functional mous with institutions of ... · mahindra & mahindra limited, a...

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3.7.3 Number of functional MoUs with institutions of national, international importance, other universities, industries, corporate houses etc. during the last five years (only functional MoUs with ongoing activities to be considered)

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Page 1: 3.7.3 Number of functional MoUs with institutions of ... · MAHINDRA & MAHINDRA LIMITED, a company incorporated under the Indian Companies Act, 1913 and having its registered office

3.7.3 Number of functional MoUs with institutions of national, international importance,

other universities, industries, corporate houses etc. during the last five years (only

functional MoUs with ongoing activities to be considered)

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Mechanical

Organisation with which MoU is

signed

Name of the institution/ industry/

corporate house

Year of signing MoU

Duration

List the actual

activities under each MoU year

wise

Number of students/teachers participated under

MoUs

INA Bearings India Pvt. Ltd

INA Bearings India Pvt. Ltd

17-Mar-16 5 years

1.Training

SAE students(50)

2.Capus placement

3.SAE BAJA sponsership

3DPLM 3DPLM 1 year LAB

Development 05 teching faculty, 30

students

Binghamton University

Binghamton University

2011-2012 to 2013-14

03 year

Research Activity, student

exchange , faculty

exchange

10

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3. 3DPLM

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Chemical

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Industrial Production

MUTUAL NON-DISCLOSURE AGREEMENT

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This Confidentiality Agreement made at Pune on this 1day of April 2016.

BY AND BETWEEN

MAHINDRA & MAHINDRA LIMITED, a company incorporated under the Indian

Companies Act, 1913 and having its registered office at Gateway Building, Apollo

Bunder, Mumbai-400 001, India, hereinafter referred to as "M&M", (which

expression shall unless it be repugnant to the context or meaning there of shall mean

and include its successors and permitted assigns) of the One Part;

AND

Vishwakarma Institute of Technology, an Engineering College affiliated to the

Savitribai Phule Pune University at 666, Upper Indira Nagar, Bibwewadi, Pune

411037, hereinafter referred to as “Vishwkarma Institute of Technology, Pune”

(which expression shall unless it be repugnant to the context or meaning thereof be

deemed to include its successors and permitted assigns) of the Other Part;

(Hereinafter M&M and Vishwakarma Institute of Technology, Pune shall be

individually referred to as “the Party" and collectively as "the Parties");

WHEREAS M&M is inter alia engaged in the business of manufacture of utility

vehicles and parts and accessories thereof;

AND WHEREAS Vishwakarma Institute of Technology, Pune is engaged in the

business of education;

AND WHEREAS M&M is in the process of Postural Analysis through P-SVR

System(hereinafter referred to the “Project”);

AND WHEREAS for the said purpose it is the mutual desire of the Parties to disclose

certain information to each other, which may be of strategic, proprietary and

confidential nature;

AND WHEREAS the Parties recognize that careful protection and non-disclosure by

the Party receiving (the “Receiving Party”) Confidential Information (as defined herein

below) from the Party disclosing (the “Disclosing Party”) such Confidential Information

is of importance to the prosperity of the Parties;

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AND THEREFORE, in consideration of the promises made herein, the Parties agree to

disclose and receive certain confidential information under the terms and conditions

hereinafter appearing.

1. CONFIDENTIAL INFORMATION

1.1 Definition.

As used herein “Confidential Information” shall mean all information and data which

is provided/disclosed or which will be provided/disclosed by the Disclosing Party to

the Receiving Party, either written or oral in any form of media or which has been

acquired or will be acquired by the Receiving Party, such as designs, drawings,

specifications, technical information, documents and know-how, designs,

manufacturing processes, ideas, data, financial information and other technologies,

whether patentable, copyrightable or susceptible to any other form of protection.

The terms and existence of this Agreement, the fact that Confidential Information has

been made available hereunder, that discussions or negotiations are taking place

concerning a potential business relationship involving the Parties and all of the terms,

conditions and other facts with respect thereto (including the status thereof) shall also

be considered Confidential Information that is subject to the provisions of this

Agreement. Information transmitted orally or visually shall be considered to be

Confidential and proprietary Information provided such Confidential Information is

first identified by the Disclosing Party as being confidential, and is later reduced to

written summary form, marked as being “confidential” or “proprietary” by the

transmitting Party, and transmitted to Receiving Party within thirty (30) days after

such oral or visual transmission. During this thirty (30) day period, such oral or

visual information so disclosed shall be provided the same protection as provided for

the Confidential Information as set forth below.

1.2 Purpose.

The Purpose of the disclosure of Confidential Information is for the Project as defined

above. Receiving Party shall use the Confidential Information for this purpose only.

1.3 Ownership.

The Confidential Information shall be considered as a valuable trade secret owned by

the Disclosing Party. The Disclosing Party retains all right, title, and interest in the

Confidential Information. No license to the Receiving Party, under any trademark,

patent or copyright, or applications for same which are now or may thereafter be

obtained by such Receiving Party, is either granted or implied by the conveying of

Confidential Information to the Receiving Party.

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1.4 No Warranties.

The Disclosing Party assumes no responsibility for any loss or damages which may be

suffered by the Receiving Party, its customers or any third parties on account of or

arising from the Confidential Information. The Disclosing Party makes no warranties

of any kind, whether express or implied, as to the accuracy or completeness of the

Confidential Information.

2. NON-DISCLOSURE

2.1 Use of Confidential Information.

The Receiving Party may only use the Confidential Information for the purposes stated

in Clause 1.2 herein above. The Receiving Party recognizes that this Agreement

imposes an affirmative duty on the Receiving Party to hold such information in

confidence and to protect it from dissemination to and use by, unauthorized parties.

In the absence of the Disclosing Party’s prior written consent, the Receiving Party shall

neither reproduce nor disclose the Confidential Information to any third party.

2.2 Further Responsibility.

The Receiving Party agrees to use the same degree of care to protect the confidentiality

of the Confidential Information as it would exercise to protect its own trade secrets

and information but in no case less than a reasonable degree of care. Receiving Party

will grant access to the Confidential Information only to its directors, officers,

employees, students, advisors and consultants (“related parties”) who have a clear

need to know, for purposes of this Agreement and shall advise such related parties of

the existence and terms of this Agreement and of the obligations of confidentiality

herein. Each Party shall be responsible for the breach of the terms of this Agreement

by such Party, or by its related parties.

2.3 Return of Confidential Information.

Promptly following the request of the Disclosing Party, the Receiving Party will return

to the Disclosing Party, or certify in writing to the Disclosing Party as to the

destruction of (without retaining any copy), all Confidential Information (and copies

and extracts thereof) furnished to, or created by or on behalf of, the Receiving Party.

2.4 Exceptions.

The foregoing notwithstanding, no information shall be considered Confidential

Information if such information:

(a) was in the Receiving Party’s possession before execution of this Agreement,

provided that the source of such information, to the knowledge of the Receiving Party

after due inquiry, was not bound by an obligation of confidentiality with respect to

such information;

(b) is or becomes generally available to the public through no fault of, or without

violation of any duty of confidentiality of, the Receiving Party; or (c) is received by the

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Receiving Party from a third party without, to the knowledge of the Receiving Party

after due inquiry, violation of a duty of confidentiality. Neither Party shall be liable for

disclosure of Confidential Information if disclosure was required by law, rule or

regulation or was in response to a valid order of a court or authorized agency of

government or other legal process, provided that prior written notice is given to the

Disclosing Party so that a protective order or other relief, if appropriate, may be sought

by the Disclosing Party.

2.5 Remedies.

The Parties recognize and acknowledge that Confidential Information is of a special,

unique and extraordinary character to the Disclosing Party and that disclosure,

misappropriation or unauthorized use of such Confidential Information by the

Receiving Party may cause serious injury to the Disclosing Party. The Receiving Party

expressly agrees, therefore, that the Disclosing Party, shall be entitled to seek

injunctive and other equitable relief to prevent the breach, or the further breach, of

any of the terms and provisions hereof.

2.6 Public Statements.

In addition to the limitations on the use and disclosures of Confidential Information

set forth herein, it is agreed that neither Party shall issue or release or confirm any

statement, to the general public, to the news media, or to any third party, except with

the prior concurrence of the other Party, both as to the content and timing of any

such issue or release or confirmation.

2.7 Inside Information

The parties expressly acknowledge that (a) some or all of the Confidential Information,

(b) the fact that (i) Parties and/or any of their affiliates are considering the Project, and

(ii) the existence, status or terms of the discussions relating to the Project (the “Inside

Information”) may be information which is of a kind such that a person who knows

that Inside Information would be prohibited or restricted from using it to deal in the

securities of the other party or of any of its listed affiliates under applicable insider

dealing, market abuse or similar laws or regulations. The parties shall not (and the

parties shall procure that none of its representatives who receive Inside Information

shall), use or communicate any of the Inside Information, while it is not public or

generally available to the public, to deal, or to encourage anyone else to deal, in any of

the securities of the other party or any of its listed affiliates. The parties shall not

otherwise use or disclose any Inside Information in a way that constitutes a breach of

any applicable insider dealing, market abuse or similar law or regulation.

The parties shall ensure that each representative to whom it has disclosed

Confidential Information complies with this Clause. Further, the parties hereby

acknowledge that it has in place a code of conduct to regulate, monitor and report

trading by employees and other Recipients, which adopt the minimum standards set

out in Schedule B to the SEBI (Prohibition of Insider Trading) Regulations, 2015.

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3. GENERAL

3.1 Term and Termination.

This Agreement shall be effective from 1 April 2016 [Effective Date] and shall remain

valid for a period of three (03) years thereafter. Either Party may terminate this

Agreement upon written notice of thirty (30) days to the other Party. The duties of

non-disclosure as set forth herein shall continue during the term of this Agreement

and shall survive up to a period of two (02) years from termination or expiry of this

Agreement.

3.2 No Obligation to Complete Transaction.

Unless and until a final agreement with respect to a transaction involving the Parties

has been executed and delivered, neither Party will be under any legal obligation of

any kind whatsoever with respect to such a transaction by virtue of this Agreement

except for the matters expressly agreed to herein.

3.3 No Conflicts.

Each Party represents and warrants that its actions with respect to this Agreement do

not conflict with any prior obligations to any third party. The Parties further agree not

to disclose or to use on behalf of the other Party any Confidential Information

belonging to any third party, unless sufficient written authorization from the third

party is provided.

3.4 Non-circumvention.

During the term of this Agreement, each Party agrees not to hire, solicit, nor attempt

to solicit for itself or any third party, directly or indirectly, the services, of any director,

officer, employee or subcontractor of the other Party, its parent or affiliate companies,

without the prior written consent of the other Party; provided however, that each Party

is not prevented from employing any such person who contacts that Party on his or

her own initiative and without any direct or indirect solicitation by that Party.

3.5. General Terms.

This Agreement shall be binding upon and inure to the benefit of the Parties and their

successors and assigns. The waiver or failure of either Party to exercise in any respect

any right provided for in this Agreement shall not be deemed a waiver of any further

right under this Agreement. If any provision of this Agreement is deemed or held by a

court of competent jurisdiction, to be contrary to law or otherwise unenforceable, it

shall be enforced to the extent legally permissible and as necessary to reflect the intent

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of the Parties and shall not affect the remaining provisions of this Agreement, which

shall remain in full force and effect. This Agreement may only be amended by a

writing executed by duly authorised representatives of both the Parties.

3.6. Arbitration.

In case any disputes are not settled amicably then all such disputes shall be finally

settled by a sole arbitrator appointed by the Parties, in accordance with the (Indian)

Arbitration and Conciliation Act, 1996. The award of the sole arbitrator shall be a

reasoned award and shall be final and binding on the Parties. The venue of

arbitration proceedings shall be Mumbai, India. The arbitration proceedings shall be

conducted and the award shall be stated in English language.

3.7Jurisdiction

Subject to the above, the courts at Mumbai shall have exclusive jurisdiction over all

matters arising out of this Agreement.

3.8 Governing Law

This Agreement shall be governed by the laws of India.

3.9. Entire Agreement.

This Agreement represents the entire agreement and understanding between the

Parties with respect to the subject matter herein and supersedes all prior agreements

and understandings and writings of any kind, written or oral, express or implied, with

respect to the subject matter hereof.

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IT

Computer

Instrumentation

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Elex 3.7.3 Number of functional MoUs with institutions of national, international importance, other universities, industries, corporate houses etc. during the last five years (only functional MoUs with ongoing activities to be considered) (5)

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ENTC

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Desh