Key Element Template for Indirect Cost Memo of Understanding Please submit with the Routing sheet Memorandum of Understanding – Indirect Costs Date: The Project titled: ________________ is a collaborative effort between ___________ and _______________________ (list all units). The indirect costs generated will be split ((equally between the units, OR according to expenditures of each unit, OR XX% to one unit and YY% to the other unit) OR some other mutually acceptable plan). (All Interested parties – particularly the Deans and PIs – should sign) ______________________________ PI # 1 _______________________________ PI #2 ______________________________ Chair #1 _______________________________ Chair #2 _______________________________ Dean # 1 _______________________________ Dean #2