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Joint Venture Agreement Intellectual Property
"Need a Joint Venture Agreement Intellectual Property between our biotech startup and a major research university, focusing on joint development and commercialization of cancer treatment patents, with clear revenue sharing terms and research collaboration protocols to commence March 2025."
1. Parties: Identification and details of the joint venture partners
2. Background: Context and purpose of the joint venture
3. Definitions: Key terms used throughout the agreement
4. IP Contributions: Details of IP assets contributed by each party
5. Ownership Structure: Rights and ownership allocation of existing and new IP
6. License Grants: Terms of IP licensing between parties
7. IP Protection: Measures for protecting joint IP assets
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and termination provisions
1. Revenue Sharing: Terms for sharing IP-generated revenue when IP is expected to generate revenue
2. Territory Rights: Geographical limitations on IP usage for international joint ventures
3. Research and Development: Terms for ongoing IP development when joint R&D is planned
4. Employee IP Rights: Provisions for employee-created IP when employees will be creating IP
1. Schedule of Background IP: Detailed list of pre-existing IP brought to the venture
2. IP Assignment Forms: Templates for IP assignment documentation
3. License Terms: Detailed licensing terms and conditions
4. IP Protection Procedures: Specific procedures for protecting joint IP
5. Revenue Sharing Calculations: Formulas and methods for calculating IP revenue shares
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