BETWEEN
Whereas VIP protocol (hereinafter referred to as the first party) is a logistic company in _Riyadh _Riyadh, Saudi Arabia _ as, a provider of VIP protocol reception.
Whereas, the Montclares (hereinafter referred to as is athe second party) that providesprovide a luxury chauffeuring service in the UK of the highest quality.
Now thereforeTherefore they are now entering into a (n) Memorandum of Understanding of Cooperation to establish a program of exchange and collaboration in areas of benefit to both companies.
The purpose of the cooperation between the VIP Protocol and the Montclares is as follows:
• To• to promote interest and mutual services between the two companies, and
• To• to deepen the understanding of the co-operation of both partners.
• The first party shall be a representative of carrying out the same services of the second party in Saudi Arabia byin the name of the second party; while the second party shall carry out of the same services of the first party in the UK byin the name of the first party.
• Reinforcement of the identities of both partners and to exchange information toon developments of each partner.
This Memorandum /memorandum is not a contract. This Memorandum /memorandum serves only as a ‎statement of the general intention of the Partiesparties and is not intended to be legally binding nor to be ‎construed as an agreement on any matters mentioned; as it is ‎ to serve to arrange the initial resources needed to facilitate the partnership .
Upon approval by each company, this Memorandummemorandum can be terminated by any of eacheither party at any time. Termination will be without penalty or obligations.

Notwithstanding the above, the period of this cooperation will, if necessary, be extended with consent in writing from the Partiesparties.