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September 14, 2012

DESIRING to strengthen and develop bilateral relations and enhance cooperation in the field of sports between the Participants;

AFFIRMING the Treaty of Friendship and Cultural Relations signed on 12 February 1960 between both countries;

MINDFUL of the prevailing laws and regulations as well as policies of the Participants;

HAVE AGREED as follows:

ARTICLE 1
OBJECTIVE OF COOPERATION

This Memorandum of Understanding will provide the framework to jointly develop detailed proposals for programs of cooperation in the field of sports development and excellence between the Participants on the basis of reciprocity and mutual benefit.

ARTICLE 2
AREAS OF COOPERATION

With a view to meeting the objective of this Memorandum of Understanding, the Participants will foster cooperation and encourage the development of exchange programs between and among sports organizations and institutions in the following areas: 

 
• Conduct of high performance training of athletes 
• Participation in sports competition 
• Opportunities for the advancement of coaching as a profession, and of coaching techniques and strategies 
• Reciprocal access to sports research studies and sports academic programs 
• Participation in sports seminars, conventions, conferences, expositions, visits and study missions 
• Development of information technology and materials and studies on sports halls of fame, sports libraries and sports museums; and 
• Advancement of technical expertise in the field of sports science, sports medicine and sports management.

ARTICLE 3
INTELLECTUAL PROPERTY RIGHTS

1. Each Participant will protect, within its territory, the intellectual property rights of the other Participant in accordance with the domestic law in force in their respective countries.
 
2. In case of a specific arrangement, program or project which may result in the creation of intellectual property, the Participants will conclude a separate arrangement in accordance with their respective regulations.

ARTICLE 4
FINANCIAL ARRANGEMENTS

The cost of the cooperation activities under this Memorandum of Understanding will be funded on terms to be mutually determined and will be subject to the availability of funds of the Participants.

ARTICLE 5
IMPLEMENTATION

1. The Participants will conclude specific arrangements for the implementation and development of specific programs under this Memorandum of Understanding.
 
2. Such arrangements will specify the financial responsibilities of the Participants and other related matters.
 
3. The Participants will make the necessary arrangements with the appropriate authorities, to facilitate the entry, stay and exit of the participants who will officially take part in any of the projects or programs of cooperation under this Memorandum of Understanding, in accordance with their respective national legislation.

ARTICLE 6
SETTLEMENT OF DISPUTES

Any dispute or differences arising out of the interpretation or implementation of this Memorandum of Understanding will be settled amicably through consultations or negotiations, though diplomatic channels, between the Participants.

ARTICLE 7
AMENDMENT

This Memorandum of Understanding may be reviewed and amended by mutual written consent of the Participants which will take effect in accordance with Article 8.

ARTICLE 8
ENTRY INTO FORCE, DURATION AND TERMINATION

This Memorandum of Understanding will take effect on the date of later written notification by the Participants, through diplomatic channels, indicating that the domestic requirements for its effectivity have been complied with.

This Memorandum of Understanding will remain in force for a period of five (5) years after which time it will be automatically renewed for similar period (s) unless either Participant terminates it by giving written notification through diplomatic channels six (6) months prior to its intended date of termination.

The termination of this Memorandum of Understanding will not affect the validity and duration of any activities, plans, program and projects made under this Memorandum of Understanding, which will continue to be carried out until their completion.

IN WITNESS WHEREOF, the undersigned have signed this Memorandum of Understanding.

Done in duplicate in Manila, on this 14 th day of September 2012, in two originals in the English and Spanish languages, both texts being equally authentic.

Entry into Force: September 14, 2012