This Memorandum of Understanding (MoU) provides a legal framework for a collaborative agreement between Party A and Party B. It outlines the responsibilities of both parties, establishes how disputes will be resolved, and confirms the agreement is governed by the laws of a specific jurisdiction. It allows for amendments, provided they are written and signed by both parties, and enforces that neither party may assign responsibilities to third parties without mutual consent. The MoU also includes provisions on representations and warranties, limiting liability, and the severability of the agreement, ensuring that if any part is void, the remainder still stands. This document is instrumental for parties wishing to formalize their understanding and collaboration without entering into a binding contract, setting forth terms that maintain clarity and prevent future disputes.