This Memorandum contains the terms of an agreement between two companies to establish an alliance under which they will jointly procure agreed upon goods and services.
Iowa Strategic Alliance Memorandum of Understanding
State:
Multi-State
Control #:
US-P0627-AM
Format:
Word;
PDF;
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How to fill out Strategic Alliance Memorandum Of Understanding?
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FAQ
To recognize the revenue associated with these funds under full accrual accounting, they have to be measurable, earned, and material. Measurable also includes collectible; keep in mind that some of the companies may cease making payments at some point in the future for various reasons.
The Prescription Opioid Settlement Distribution Commission is an independent, collaborative group of Delaware leaders, policymakers, and public advocates with one mission: ensuring that the resources from Delaware's opioid settlements go exactly, and exclusively, where they're needed.
Four agreements are with opioid manufacturers Johnson & Johnson, Endo, Teva, and Allergan. There is a separate agreement with three major pharmaceutical distributors: AmerisourceBergen, Cardinal Health, and McKesson, as well as a settlement reached through bankruptcy with Mallinckrodt, a manufacturer and distributor.
A Memorandum of Understanding, while not a legally binding document, does indicate a voluntary agreement to assist in the implementation plans of a grant funded collaborative project. The agreement is between the lead agency/applicant and a partnering entity.
The Iowa Opioid Allocation Memorandum of Understanding (MOU) evenly splits Iowa's opioid settlements between the Iowa Abatement Share, to sit in the Iowa Abatement Fund created by state law,3 and participating local governments (the ?LG Abatement Share?). This resource is current as of 4/11/2023.
This MOU is a voluntary agreement that expresses the good-faith intentions of the Agencies. This MOU does not create legally binding obligations on the Agencies, contractual or otherwise, and does not create any right enforceable against the Agencies or any of their officers or employees or any other person.
Framework for Collaboration: An MoU provides a framework for establishing mutual understanding and cooperation between investors and entrepreneurs. It outlines the key terms, conditions, and expectations of the parties involved in the investment process.