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e <br />f) Collaboration between universities and research centers, and <br />g) Any other modalities that the Parties may agree upon in a mutual writing. <br />ARTICLE IV <br />Competence <br />Each Party agrees to voluntarily collaborate with the other Party, at each parties <br />discretion, to carry out the modalities of cooperation, referred to in Article III of the present <br />Agreement, in accordance to their respective faculties, subject to the political and <br />economic laws and regulations of their respective Governments. <br />Nothing contained in this Agreement shall be construed as: (1) an obligation upon <br />either Party to furnish, any assistance, resources, monies, and in -kind contributions of <br />any kind whatsoever, or (2) providing or implying any arrangement or understanding that <br />either Party will be legally obligated to perform the terms and conditions outlined in this <br />Agreement. <br />ARTICLE V <br />Annual Action Programs <br />In order to achieve the objectives of the present Agreement, the Parties may <br />formulate, through prior discussion, Annual Action Programs (AAP"s), which shall become <br />an integral part of the present Agreement once they are formalized. <br />The AAP"s shall be integrated with specific projects or activities, which must reference <br />each of the following aspects: <br />a) Objectives and activities to develop; <br />b) Work agenda; <br />c) Profile, quantity and duration of the assigned personnel to objectives and <br />activities; <br />d) Responsibility of each Party; <br />e) Assignment of materials, personnel and financial resources; <br />f) Evaluation mechanism and criteria, and <br />g) Any other appropriate information. <br />