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Co Development Agreement
"I need a Co-Development Agreement for a collaboration between my software company and a research university in New Zealand, focusing on developing AI-powered healthcare diagnostic tools, with the university providing research data and my company providing the technical development resources."
1. Parties: Identification of all parties entering into the agreement
2. Background: Context of the agreement, including each party's expertise and reasons for collaboration
3. Definitions: Definitions of key terms used throughout the agreement
4. Project Scope: Detailed description of the co-development project, objectives, and deliverables
5. Project Governance: Management structure, decision-making processes, and steering committee details
6. Parties' Obligations: Specific responsibilities and contributions of each party
7. Intellectual Property Rights: Ownership and licensing of background and foreground IP
8. Financial Terms: Cost sharing, revenue sharing, and payment terms
9. Confidentiality: Protection of confidential information and trade secrets
10. Term and Termination: Duration of agreement and termination provisions
11. Warranties and Indemnities: Parties' representations and risk allocation
12. General Provisions: Standard legal provisions including governing law, notices, and assignment
1. Employment and Secondment: Include when staff will be shared or seconded between parties
2. Third Party Rights: Include when third party materials or rights are involved in the development
3. Export Control: Include for international co-development projects involving controlled technologies
4. Data Protection: Include when personal data will be processed as part of the project
5. Marketing and Publicity: Include when parties want to specify terms for public announcements and marketing
6. Non-Competition: Include when parties want to restrict competition in specific areas
7. Insurance: Include when specific insurance requirements need to be maintained
8. Change Control: Include for complex projects requiring formal change management procedures
1. Project Plan: Detailed timeline, milestones, and deliverables
2. Background IP: List of each party's pre-existing intellectual property rights
3. Development Costs: Breakdown of project costs and cost allocation between parties
4. Technical Specifications: Detailed technical requirements and specifications
5. Governance Procedures: Detailed procedures for project management and decision-making
6. Revenue Sharing Formula: Detailed calculations for revenue sharing arrangements
7. Key Personnel: List of key team members and their roles
8. Testing and Acceptance Criteria: Criteria for accepting deliverables and testing procedures
Authors
Technology
Software Development
Pharmaceuticals
Biotechnology
Manufacturing
Research & Development
Healthcare
Aerospace
Automotive
Consumer Electronics
Clean Energy
Industrial Design
Artificial Intelligence
Medical Devices
Telecommunications
Legal
Research and Development
Product Development
Innovation
Business Development
Commercial
Intellectual Property
Project Management
Technology Transfer
Scientific Affairs
Corporate Development
Strategic Partnerships
Chief Executive Officer
Chief Technology Officer
Chief Legal Officer
Research Director
Head of Product Development
Innovation Manager
Legal Counsel
Intellectual Property Manager
Project Manager
Business Development Director
Commercial Director
Head of R&D
Technology Transfer Manager
Partnership Manager
Development Director
Chief Scientific Officer
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