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Revenue Sharing Joint Development Agreement Template for Singapore

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Key Requirements PROMPT example:

Revenue Sharing Joint Development Agreement

"Need a Revenue Sharing Joint Development Agreement for a collaboration between our biotech company and a research institution in Singapore, where we'll jointly develop a new drug delivery system and share revenues 60-40, with project completion targeted for March 2025."

Document background
The Revenue Sharing Joint Development Agreement is essential for parties entering into collaborative development projects in Singapore where shared resources lead to commercial outcomes. This agreement type is particularly relevant in Singapore's innovation-driven economy, providing a structured framework for joint development while ensuring compliance with Singapore's legal requirements. The document covers critical aspects including IP rights, revenue sharing mechanisms, development responsibilities, and risk allocation, while incorporating Singapore's strict regulatory standards and business-friendly legal framework. This agreement type is particularly valuable when parties want to combine their expertise and resources while maintaining clear terms for sharing commercial benefits.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background/Recitals: Context of the agreement and parties' intentions

3. Definitions and Interpretation: Key terms and their meanings used throughout the agreement

4. Project Scope: Detailed description of the joint development project

5. Parties' Contributions: Specific responsibilities and resources each party will contribute

6. Revenue Sharing Structure: Mechanism for sharing revenue, including calculation methods and payment terms

7. Intellectual Property Rights: Ownership and licensing of existing and newly created IP

8. Confidentiality: Protection of confidential information and trade secrets

9. Term and Termination: Duration of agreement and circumstances for termination

Optional Sections

1. Governance Structure: Management committee structure and decision-making process for complex projects involving multiple stakeholders

2. Marketing and Promotion: Rights and obligations regarding marketing of developed products when joint marketing efforts are contemplated

3. Territory Restrictions: Geographic limitations on development or commercialization when parties want to restrict activities to specific regions

4. Insurance: Required insurance coverage for high-risk development projects

5. Data Protection: Compliance with PDPA and data handling requirements when personal data processing is involved

Suggested Schedules

1. Project Timeline: Detailed development milestones and deadlines

2. Revenue Calculation Formula: Detailed methodology for calculating revenue shares

3. Background IP: List of pre-existing IP brought by each party

4. Technical Specifications: Detailed technical requirements and specifications

5. Service Levels: Performance metrics and standards

6. Key Personnel: List of key team members and their roles

7. Approved Subcontractors: List of pre-approved third-party contractors when subcontracting is permitted

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




































Industries

Civil Law Act (Cap. 43): Primary legislation governing contract formation, enforcement, and remedies in Singapore

Contracts (Rights of Third Parties) Act: Regulates when third parties may enforce terms of a contract to which they are not a party

Electronic Transactions Act: Governs electronic contracts and signatures, ensuring legal recognition of electronic transactions

Companies Act (Cap. 50): Regulates company operations, corporate governance, and business structures in Singapore

Partnership Act (Cap. 391): Governs formation and operation of partnerships, relevant for joint development arrangements

Copyright Act (Cap. 63): Protects original works created during joint development and regulates copyright ownership

Patents Act (Cap. 221): Governs patent rights and protection for inventions developed during joint development

Trade Marks Act (Cap. 332): Protects trademarks and brands that may be developed or used in the joint development

Income Tax Act (Cap. 134): Governs taxation of revenue sharing and profit allocation between parties

Goods and Services Tax Act: Regulates GST implications of revenue sharing and services provided under the agreement

Competition Act (Cap. 50B): Ensures joint development agreement complies with competition law and anti-trust regulations

Personal Data Protection Act 2012: Governs collection, use, and disclosure of personal data in the course of joint development

Arbitration Act: Provides framework for arbitration as a dispute resolution mechanism

Mediation Act: Provides framework for mediation as an alternative dispute resolution mechanism

Supreme Court of Judicature Act: Establishes jurisdiction and powers of Singapore courts for dispute resolution

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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