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Cademix Institute of Technology, Vienna, Austria | +43 650 967 7080 | firstname.lastname@example.org
The purpose of a Memorandum of Understanding (MOU) for an exchange program is to set up an affiliation between the Cademix Institute of Technology with another party for the exchange of students, professors, staff, spin-offs, business partners and alumni.
An exchange program is a non-degree program. It can range from few days to few months, and may include one or combination of these formats/activities: Vocational Training, Pathway Programs, Sabbatical Visit, Diploma Programs, Short Term Scientific Mission (STSM), Internship, Mentoring and Coaching Programs, Research Fellowships, Postdoc Fellowship, Visiting Fellowship, Conferences, Seminars, Workshops and Hands-on Training.
The candidates and participants in the program are among the students, professors, staff, graduates, alumni, spin-offs and business partners. This also includes Undergraduate, Postgraduate, Postdoc, research staff, faculty member as well as all alumni member of the respective institution.
Both Home and Host organizations will try to financially support the exchange participants. While both parties express that this is not a binding condition, the goal should be that each party try to cover at least 10% of the overall costs, including travel costs, accommodation costs, the tuitions fees or other costs applies. The financial support of participants may be provided in the form of scholarship, loan, reimbursement, fellowship, salary, discount, fund, voucher or other means, which might be available to each party.
Each participant in the exchange must make sure that they have the adequate health and accident insurance coverage required in the host country.
Each participant in the exchange must ensure that they apply and receive a legal travel document, including passport, residence permit (or visa) and work permit if applicable. These documents should be applied through the official and fully legal channels such as embassy or consulate of the host country. Both Home and Host are responsible to offer advisory in this regards.
Exchange participants are subject to the rules and regulations of the host institution and host country. The host institution reserves the right to dismiss any participant at any time for academic, professional or personal misconduct. The dismissal of a participant shall not abrogate the agreement for the arrangements regarding other participants.
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