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    Memorandum of Agreement: Know All Men by These Presents

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    john dominic aldaba
    This memorandum of agreement is between Far Eastern University and Trimark Fashion International to establish an internship program. It outlines the responsibilities of both parties, including Far Eastern designating an adviser to supervise students and monitor their performance, and Trimark screening students and providing mentorship and work assignments. The agreement has a duration until amended in writing by both parties, and clarifies there is no employment relationship between interns and Trimark.

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    Memorandum of Agreement: Know All Men by These Presents

    Uploaded by

    john dominic aldaba
    43 views4 pages
    This memorandum of agreement is between Far Eastern University and Trimark Fashion International to establish an internship program. It outlines the responsibilities of both parties, including Far Eastern designating an adviser to supervise students and monitor their performance, and Trimark screening students and providing mentorship and work assignments. The agreement has a duration until amended in writing by both parties, and clarifies there is no employment relationship between interns and Trimark.

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    This memorandum of agreement is between Far Eastern University and Trimark Fashion International to establish an internship program. It outlines the responsibilities of both parties, including Far Eastern designating an adviser to supervise students and monitor their performance, and Trimark screening students and providing mentorship and work assignments. The agreement has a duration until amended in writing by both parties, and clarifies there is no employment relationship between interns and Trimark.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views4 pages

    Memorandum of Agreement: Know All Men by These Presents

    Uploaded by

    john dominic aldaba
    This memorandum of agreement is between Far Eastern University and Trimark Fashion International to establish an internship program. It outlines the responsibilities of both parties, including Far Eastern designating an adviser to supervise students and monitor their performance, and Trimark screening students and providing mentorship and work assignments. The agreement has a duration until amended in writing by both parties, and clarifies there is no employment relationship between interns and Trimark.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 4

    MEMORANDUM OF AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS:

    This Agreement made and entered into by and between:

    FAR EASTERN UNIVERSITY, an educational institution existing under the laws of the
    Republic of the Philippines, with office address at Nicanor Reyes Sr. St., Sampaloc,
    Manila, represented herein by its President, Far Eastern University, DR. MICHAEL M.
    ALBA, hereinafter referred to as ACADEMIC INSTITUTION;

    – and –

    Trimark Fashion International, a corporation existing under the laws of the Republic
    of the Philippines, with office address at Locsin Bldg , Ayala Ave. cor. Makati Ave., Makati
    City, represented herein by its Director for Operations, ROSA MARIA A. GUALBERTO,
    hereinafter referred to as INDUSTRY PARTNER.

    WITNESSETH

    WHEREAS, the ACADEMIC INSTITUTION which is offering Accountancy and Business Administration
    degree programs has instituted an Student Apprenticeship Program (SAP) or On-the-Job Training in
    coordination with Alumni, Placement, and External Relations (APER) wherein qualified students undergo
    practicum prior to graduation in order to be adequately familiar with actual office and industrial
    operations and management to augment their formal training;

    WHEREAS, the ACADEMIC INSTITUTION proposes that its students be allowed to undergo on-the-job
    training at the INDUSTRY PARTNER’S facilities and offices, which proposal was accepted/approved by the
    latter, subject to terms and conditions provided for in this Memorandum of Agreement;

    WHEREAS, the INDUSTRY PARTNER agrees to accept students of the ACADEMIC INSTITUTION as interns
    at its various facilities in support of Internship Program and complement existing Accountancy and
    Business Administration curricula to match industry demand;

    NOW, THEREFORE, for and in consideration of the foregoing premises, the ACADEMIC INSTITUTION and
    the INDUSTRY PARTNER agree and stipulate the following:

    A. The ACADEMIC INSTITUTION shall:

    1. Designate a SAP Adviser who will supervise and monitor the internship program and
    coordinate with the INDUSTRY PARTNER various activities under this Program;

    2. Pre-select and recommend qualified students who will undergo the internship taking
    into consideration the requirement of the INDUSTRY PARTNER in terms of
    qualification and number of interns needed, it being understood that only students
    taking courses wherein internship is an academic requirement will be recommended;

    3. Submit to the INDUSTRY PARTNER, the resumé and all other documents required
    under this program, which shall serve as the basis of the INDUSTRY PARTNER to
    screen, select and deploy specific students for Internship;

    4. Orient students about rules, proper attitudes, behavior and work ethics inside the
    internship site;

    5. Monitor attendance, activities and performance of students during the internship


    program in the INDUSTRY PARTNER;

    6. Monitor compatibility of job circumstances with the internship course requirements


    for the students’ attainment of advanced standing in the program through regular
    interaction with the student-interns and regular visit to the internship site;

    7. Together with the students and parents concerned, renounce and waive any claim
    against the INDUSTRY PARTNER for injury that the students may sustain or loss that
    they suffer, personal or pecuniary, arising from negligence in the performance of
    their duties and functions while under training. The waiver of the student-interns and
    their respective parents shall be submitted to the INDUSTRY PARTNER prior to
    commencement of the internship.

    8. Hold the INDUSTRY PARTNER free from any claims or suits and shall forever defend
    the INDUSTRY PARTNER from any such claim or suit whatsoever in connection with
    this memorandum.

    B. The INDUSTRY PARTNER shall:

    1. Screen, select, and deploy student-interns to the different offices and operating units
    of the INDUSTRY PARTNER;

    2. Designate from among its employees an Industry Supervisor who will be assigned
    the following responsibilities:

    a. Serve as mentor to the student-interns;

    b. Give the student-interns course-related work assignments and expose


    them to learning experience on actual operations and management;

    c. Expose the student-interns to real situation problems and bottlenecks thus


    enabling them to analyze and apply scientific as well as empirical approach
    to the solution of technical problems;

    d. Arrange a conference with the SAP Adviser when student-intern problem


    arises;

    3. Deploy the student-interns to the different operating units of the INDUSTRY


    PARTNER for a fixed period of time which will depend upon the course taken by the
    student-intern and as agreed upon on a case-to-case basis by the INDUSTRY
    PARTNER and the ACADEMIC INSTITUTION;

    4. Adhere to all regulations regarding labor laws pertaining to internship or learners


    programs, as well as health and safety laws;

    5. Provide safety instruction throughout the internship period;

    6. Accomplish the necessary forms required by the ACADEMIC INSITUTION in


    connection with the internship of their students;

    7. Issue certificate of completion with the corresponding performance evaluation to


    student-interns who successfully finish their training under this program;

    8. Adopt and enforce rules that will govern the conduct of the program. Said rules shall
    be made known to the ACADEMIC INSTITUTION and student-interns before the start
    of the training.

    C. Under this Memorandum of Agreement, the following terms and conditions are likewise included:

    1. It is expressly understood that there will be no employer-employee relationship


    between the INDUSTRY PARTNER and the student-interns of the ACADEMIC
    INSTITUTION;

    2. The student-interns will be personally responsible for any and all liabilities for
    damage to property or injury to third persons, which may be occasioned by their
    intentional or negligent acts in the course of the internship;

    3. The student-interns and the ACADEMIC INSTITUTION shall abide by the INDUSTRY
    PARTNER’S rules and regulations and comply with those imposed for the program;
    otherwise they shall be excluded from further participation;

    4. The ACADEMIC INSTITUTION may pull out any student from the INDUSTRY
    PARTNER during the apprenticeship program on reasonable grounds after a written
    notice sent by/to the INDUSTRY PARTNER requesting such a pull out;

    5. That both parties shall exert all efforts necessary to achieve the objectives of this
    joint undertaking; and
    6. That neither of the parties shall be liable to any way for the failure to observe or
    perform any provision of this Agreement if such failure shall be caused by any law,
    rule or regulation of any constituted public authority or shall be to any cause beyond
    the control of the party in default.

    D. Duration:

    This Agreement shall take effect immediately upon signing hereof and shall continue thereafter,
    provided however that any provision of this Agreement may be amended by written consent by both
    parties herein, provided further that the INDUSTRY PARTNER or the ACADEMIC INSTITUTION
    reserves the right to withdraw its participation in the agreement upon written notice.

    IN WITNESS WHEREOF, the parties hereof have signed this Agreement on this _____ day of
    ___________________, 2019 in ___________________, Philippines.

    FAR EASTERN UNIVERSITY TRIMARK FASHION


    INTERNATIONAL INC.
    By: By:

    DR. MICHAEL M. ALBA ROSA MARIA A. GUALBERTO


    President Director for Operations
    Far Eastern University

    SIGNED IN PRESENCE OF:

    EARL JOSEPH M. BORGOÑA, CPA


    Dean
    Institute of Accounts, Business and
    Finance
    ACKNOWLEDGEMENT

    REPUBLIC OF THE PHILIPPINES s.s


    _______________________________

    BEFORE ME, personally appeared the following persons:

    Name Passport / TIN Number Date & Place Issued

    DR. MICHAEL M. ALBA


    JOHN CARLOS A. ROBAS

    who are known to me to be the same persons who executed and signed the foregoing instrument and
    who acknowledged to me that the same are their free and voluntary acts and deeds.

    WITNESS MY HAND AND SEAL, at the place and on the site first above written.

    Notary Public

    Doc. No.
    Page No.
    Book No.
    Series of 2019

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