Considering that the Parties wish that the Winter 2014 Olympic and Paralympic Games in Sochi and that the Summer 2016 Olympic and Paralympic Games in Rio de Janeiro, as well as the FIFA World Cups 2014 and 2018 contribute to long lasting positive changes towards the principle of sustainable development;
Considering that the Parties wish to share best practices and knowledge concerning governance structures, the role of government and the delivery of the economic and social, both material and immaterial, legacies of the Winter 2014 Olympic and Paralympic Games in Sochi and that the Summer 2016 Olympic and Paralympic Games in Rio de Janeiro, as well as the FIFA World Cups 2014 and 2018;
Considering that the Parties wish to establish a working relationship and partnership to assist both countries in the promotion of the sustainable legacies arising from hosting the Olympic and Paralympic Games; and
Having had the opportunity to discuss key issues around governance structure and the legacies deriving from the hosting of Olympic and Paralympic Games, and recognizing the potential benefits arising from cooperating and exchanging information on such matters;
Have reached the following understanding:
1.
The Parties intend to use their best efforts to facilitate co-operation mechanisms, as a structured visits programme, for all their tiers of government and organizing committees, as well as to share best practices on the following agendas:
a) the role of government, governance structures an methods, and the government interaction with stakeholders, as municipal authorities and the organizing committees;
b) planning and following the establishment of the infrastructure for Olympic and Paralympic Games and FIFA World Cups 2014 and 2018 and of the social benefits and legacies arising from them;
c) managing and financing the use of the sports premises and other premises built for the Olympic and Paralympic Games and FIFA World Cup Games, on the pos-Games period;
d) other areas where the Parties can exchange expertise arising from hosting Olympic and Paralympic Games and FIFA World Cup Games 2014 и 2018;
2.
In accordance with their respective laws and regulations, the Parties will share information and will keep confidentiality and intellectual property rights of the results arising from common activities within the framework of this Memorandum.
3.
Unless specified otherwise, each Party will finance its own costs to implement the activities arising from this Memorandum.
4.
This Memorandum of Understanding is not legally binding, but it expresses the strong will of the Parties to promote bilateral cooperation.
5.
This Memorandum of Understanding will be effective from the date of signature, until terminated by either Party giving a three (3) months written notice, through diplomatic channels.
6.
This Memorandum of Understanding may be amended at any time, by mutual consent of the Parties.
Signed in Moscow, on the 14 of December, 2012, in duplicate, in the Russian, Portuguese and English languages, all texts being equally authentic. In case of divergency of interpretation, the English text will prevail.