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Co Development Agreement Template for New Zealand

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Key Requirements PROMPT example:

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."

Document background
The Co-Development Agreement is essential for organizations seeking to collaborate on development projects in New Zealand. This document is particularly relevant when two or more parties wish to combine their resources, expertise, and intellectual property to develop new products, services, or technologies. The agreement should be used when parties need to clearly define their roles, responsibilities, and rights in a joint development effort, including the allocation of intellectual property rights, sharing of costs and revenues, and project governance structures. It's crucial for protecting each party's interests while fostering innovation and collaboration. The document must comply with New Zealand law, including the Contract and Commercial Law Act 2017, Patents Act 2013, and other relevant legislation governing commercial relationships and intellectual property rights.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses











































Relevant Industries

Technology

Software Development

Pharmaceuticals

Biotechnology

Manufacturing

Research & Development

Healthcare

Aerospace

Automotive

Consumer Electronics

Clean Energy

Industrial Design

Artificial Intelligence

Medical Devices

Telecommunications

Relevant Teams

Legal

Research and Development

Product Development

Innovation

Business Development

Commercial

Intellectual Property

Project Management

Technology Transfer

Scientific Affairs

Corporate Development

Strategic Partnerships

Relevant Roles

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

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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