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Co Development Agreement
"Need a Co Development Agreement for a joint software development project between our AI startup and a research institution in Singapore, focusing on machine learning algorithms, with specific provisions for data sharing and joint IP ownership, to commence in March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the co-development arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Development: Detailed description of the project and deliverables
5. Intellectual Property Rights: Ownership and licensing of pre-existing and newly created IP
6. Development Timeline: Project milestones and delivery schedules
7. Payment Terms: Financial arrangements and payment schedules
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and termination provisions
1. Change Management: Procedures for handling changes to scope or specifications - used for complex projects with likely modifications
2. Third Party Components: Management of third-party software or components - used when project involves third-party elements
3. Export Control: Compliance with export regulations - used for international projects or controlled technologies
4. Source Code Escrow: Arrangements for source code protection - used when source code protection is critical
1. Technical Specifications: Detailed technical requirements and specifications
2. Development Methodology: Project management approach and procedures
3. Service Levels: Performance metrics and standards
4. Background IP Schedule: List of pre-existing intellectual property
5. Project Team: Key personnel and responsibilities
6. Cost Breakdown: Detailed breakdown of development costs
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