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Revenue Sharing Joint Development Agreement
"I need a Revenue Sharing Joint Development Agreement under German law for a collaboration between our software company and a hardware manufacturer to develop an AI-powered industrial automation system, with a 60-40 revenue split in our favor and development to commence by March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and business objectives of the collaboration
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Collaboration: Detailed description of the joint development project and its objectives
5. Project Management: Governance structure, steering committee, and decision-making processes
6. Contributions: Each party's contributions (financial, personnel, resources, facilities)
7. Development Process: Development methodology, milestones, and deliverables
8. Revenue Sharing: Revenue calculation, allocation, payment terms, and accounting principles
9. Intellectual Property Rights: Ownership and licensing of newly developed IP and improvements
10. Confidentiality: Protection and handling of confidential information
11. Representations and Warranties: Parties' representations regarding their capacity and rights
12. Liability and Indemnification: Allocation of risks and liability between parties
13. Term and Termination: Duration, renewal, and termination provisions
14. Post-Termination Obligations: Obligations surviving termination including IP rights and confidentiality
15. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution
1. Background IP: Detailed provisions for pre-existing IP rights when parties bring significant IP to the collaboration
2. Third-Party Rights: Provisions dealing with third-party IP rights or contributions when external technology is involved
3. Export Control: Required when the development involves internationally controlled technology or cross-border activities
4. Data Protection: Detailed GDPR compliance provisions when personal data processing is involved
5. Quality Control: Specific quality standards and testing procedures for regulated industries or complex products
6. Marketing and Branding: Rules for marketing and promoting jointly developed products
7. Force Majeure: Extended force majeure provisions for long-term or high-risk developments
8. Competition Law Compliance: Detailed antitrust compliance provisions for competitors collaborating
9. Insurance: Specific insurance requirements for high-risk development projects
1. Technical Specification: Detailed technical requirements and specifications for the development
2. Project Plan: Detailed timeline, milestones, and deliverables
3. Revenue Calculation Methodology: Detailed formulas and examples for revenue sharing calculations
4. Background IP Register: List and details of pre-existing IP rights brought by each party
5. Key Personnel: List of key team members and their roles
6. Budget and Resource Allocation: Detailed financial planning and resource commitments
7. Governance Procedures: Detailed procedures for project management and decision-making
8. Quality Standards: Specific quality requirements and testing procedures
9. Reporting Templates: Standard forms for project and financial reporting
Authors
Technology
Software Development
Manufacturing
Biotechnology
Pharmaceutical
Automotive
Aerospace
Industrial Automation
Clean Technology
Medical Devices
Artificial Intelligence
Internet of Things
Renewable Energy
Chemical Industry
Electronics
Legal
Research and Development
Finance
Business Development
Commercial
Innovation
Intellectual Property
Project Management
Technical Operations
Corporate Development
Chief Technology Officer
Head of Research and Development
Business Development Director
Chief Financial Officer
Legal Counsel
IP Manager
Project Director
Innovation Manager
Commercial Director
Partnership Manager
Technical Director
Chief Executive Officer
Research Director
Development Manager
Contract Manager
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