er Party shall be entitled to assign or transfer any of its rights or obligations under this Memorandum of Understanding without the prior written consent of the other Party.Р 4. Execution of Formal ContractР The Parties shall use their best endeavours to execute a formal legally-binding contract ?[and articles of association] (“theР Formal Documentation”) not later than ?[Date] in respect of the Project which shall reflect, inter alia, the agreed principles stated in Clause 1.Р 5. Working GroupР The Parties shall establish a working group to conduct detailed negotiations regarding the Project and the Formal Documentation. Party A shall designate ?________ as its chief representative for the working group; Party B shall designate ?________ as its chief representative for the working group.
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