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Teaming Agreement
"I need a Teaming Agreement for a joint software development project between my tech company and two AI development partners in Singapore, with strict IP protection clauses and a revenue sharing mechanism for any commercialized products."
1. Parties: Identification and details of all participating entities
2. Background: Context of the teaming arrangement and objectives
3. Definitions: Key terms used throughout the agreement
4. Scope of Collaboration: Detailed description of the teaming arrangement and responsibilities
5. Governance Structure: Management and decision-making framework
6. Confidentiality: Protection of confidential information and trade secrets
7. Intellectual Property Rights: Ownership and usage of IP created during collaboration
8. Term and Termination: Duration and conditions for ending the agreement
9. General Provisions: Standard boilerplate clauses including governing law
1. Exclusivity: Restrictions on working with competitors - used when parties want to ensure exclusive collaboration
2. Resource Allocation: Specific commitments of personnel and resources - used for complex projects requiring specific resource commitments
3. Revenue Sharing: Framework for sharing project revenues - used when collaboration involves commercial opportunities
4. Insurance Requirements: Specific insurance obligations - used for high-risk projects or regulatory requirements
1. Project Scope Schedule: Detailed description of project objectives and deliverables
2. Responsibility Matrix: Detailed breakdown of each party's responsibilities
3. Key Personnel Schedule: List of key team members and their roles
4. Cost Allocation Schedule: Breakdown of cost sharing arrangements
5. Communication Protocol: Procedures for project communications and reporting
6. Background IP Schedule: List of pre-existing IP brought to the collaboration
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