Question

You are a digital content developer and you own your own digital publishing establishment. You wish to expand your readers’ target audience reach base with another digital publishing establishment who has the audience you desire to reach and capture. The other digital publishing establishment envy’s your online advertising reach for advertisers and the creative expertise you have for graphic designing. And you like to share the use of the other digital publisher’s servers as he/she has data storage capacity of over 50 trillion bytes. Note that in the near future data management, date control and data analysis are important factors to a digital economy. Employing your own creativity and imagination create a MOU document that will be a win-win for your partnership.

Answer 1

This assessment will describe the memorandum of understanding between both the publishing establishments.

The publishing establishment of the person is ABC limited, whereas the publishing is the establishment of another person is XYZ limited.

MEMORANDUM OF UNDERSTANDING BETWEEN XYZ LIMITED AND ABC LIMITED:

1. Parties:

this memorandum of understanding has got made and entered into between and by the XYZ Ltd., Whose address is 12A, Santa Barbara, California; and the ABC Ltd., Whose address is 15B, Santa Clara, California.

2. Purpose:

This memorandum of understanding tends to establish the terms and conditions under which both parties will meet and function as a partnership.

3. Terms of MOU:

this MOU will be valid from the date and signed by the duly authorized representatives of the parties in this memorandum of understanding. Furthermore, it shall remain in effect as long as both the parties agree for the same.

If any party wants to terminate this memorandum of understanding, he would have to send a written notice to the other agency before 15 days of termination.

4. Responsibilities of XYZ Ltd.:

The functions and obligations of XYZ limited would be to share the server of her company for better storage capacity.

This agency will also be responsible for managing and allocating the resources and employees employed by her.

6. Responsibility of ABC Ltd. :

This establishment will be responsible for sharing their online advertising reach and graphic designing expertise with the other agency.

Apart from that, the agency will be responsible for allocating and managing resources and employees employed by him.