On December 15, 2018, a Memorandum of Understanding was signed between the Knowledge Foundation under the President of the Republic of Azerbaijan and Khazar University. The Memorandum will cover the areas such as measures for improvement of academic staff and students’ knowledge in different fields, organization of competitions creating environment for discovering creative and talented students, realization of production and scientific-research practices of Bachelor’s and Master’s degree students with the support of Foundation and some other important issues.