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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."
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
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
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
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