Memorandum of Understanding
A memorandum of understanding is a formal document that outlines a mutual agreement between a university and an organization offering internship opportunities. It serves as a framework for cooperation between the two entities.
Having a Memorandum of Understanding, or MOU, in place for a student intern is a requirement to protect the interests of the student, the school, and the internship provider. It clarifies expectations, ensures compliance with legal requirements, and enhances the educational value of the internship.
Clarifies Expectations
An MOU clearly outlines the expectations and responsibilities of both the student intern and the organization they are interning with. This helps to avoid any confusion or misunderstandings about what is expected from the intern.
Protects the Interests of Both Parties
An MOU can protect the interests of both the student intern and the organization. It can include provisions such as confidentiality agreements, indemnification, intellectual property rights, and non-compete clauses that can help to prevent any legal disputes.
Helps With Accreditation
It may be helpful in determining accreditation requirements for the school and these professional development experiences.
Helps Ensure Compliance With Legal Requirements
Depending on the country or state, there may be specific legal requirements for student internships. An MOU can ensure that both the student intern and the organization are in compliance with these requirements.
Enhances the Educational Value of the Internship.
An MOU can outline the educational goals and objectives of the internship and how they will be achieved. This can help to ensure that the internship provides valuable learning opportunities for the student intern.