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Product Collaboration Agreement
"Need a Product Collaboration Agreement for a partnership between our tech startup and a Singapore-based manufacturer to jointly develop and commercialize a new smart home device, with clear IP rights allocation and revenue sharing mechanisms."
1. Parties: Identification and details of collaborating parties
2. Background: Context and purpose of the collaboration
3. Definitions: Key terms used throughout the agreement
4. Scope of Collaboration: Detailed description of collaboration activities
5. Intellectual Property Rights: Ownership and usage rights of existing and new IP
6. Confidentiality: Protection of confidential information
7. Term and Termination: Duration and termination provisions
8. Governing Law: Applicable law and jurisdiction
1. Financial Terms: Cost sharing and revenue arrangements - use when collaboration involves financial exchanges
2. Marketing Rights: Rights to promote the collaboration/product - use when product will be marketed jointly
3. Quality Control: Quality standards and monitoring - use for manufacturing collaborations
4. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term collaborations
1. Product Specifications: Technical details of the product
2. Project Timeline: Milestones and deadlines
3. Pricing Schedule: Cost and revenue sharing details
4. Background IP: List of pre-existing intellectual property
5. Approved Subcontractors: List of authorized third-party vendors
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