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Revenue Sharing Joint Development Agreement
"I need a Revenue Sharing Joint Development Agreement for a collaboration between our software company and a research institution in South Africa, where we'll jointly develop AI algorithms for mining safety, with development starting March 2025 and revenue to be split 60-40."
1. Parties: Identification and details of all parties entering into the agreement
2. Background: Context of the agreement, including the parties' expertise and reasons for collaboration
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Project Scope and Objectives: Detailed description of the joint development project and its intended outcomes
5. Contributions of Parties: Specific contributions (financial, technical, resources) required from each party
6. Revenue Sharing Framework: Structure and mechanics of how revenues will be shared between parties
7. Development Process: Steps, milestones, and timelines for the development activities
8. Intellectual Property Rights: Ownership and licensing of pre-existing and newly developed IP
9. Governance and Management: Decision-making processes, management structure, and oversight mechanisms
10. Financial Provisions: Financial obligations, costs, expenses, and payment terms
11. Confidentiality: Protection and handling of confidential information
12. Term and Termination: Duration of agreement and circumstances for termination
13. Dispute Resolution: Procedures for resolving disputes between parties
14. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Competition Law Compliance: Specific provisions ensuring compliance with competition laws, required when parties are competitors or have significant market share
2. B-BBEE Provisions: Specific provisions for B-BBEE compliance and scoring, required for South African entities subject to B-BBEE requirements
3. Exchange Control Provisions: Provisions dealing with cross-border payments and compliance, needed when foreign parties are involved
4. Technology Transfer: Specific provisions for technology transfer between parties, needed when significant technical knowledge sharing is involved
5. Marketing and Branding: Provisions regarding joint marketing efforts and brand usage, relevant when product commercialization is part of the project
6. Force Majeure: Provisions for handling unforeseen circumstances, particularly relevant in long-term development projects
7. Environmental Compliance: Required when the development activities have environmental implications
8. Third Party Rights: Provisions regarding involvement of third parties in development or commercialization
1. Project Plan: Detailed timeline, milestones, and deliverables for the development project
2. Revenue Calculation Methodology: Detailed formula and examples for calculating and distributing revenue
3. Technical Specifications: Technical requirements and specifications for the development work
4. Background IP: List and details of pre-existing intellectual property brought by each party
5. Key Personnel: List of key team members and their roles from each party
6. Budget and Cost Allocation: Detailed project budget and cost sharing arrangements
7. Governance Procedures: Detailed procedures for project management and decision-making
8. Testing and Acceptance Criteria: Criteria and procedures for accepting developed items
9. Service Levels: Performance metrics and standards for the development work
Authors
Technology
Manufacturing
Pharmaceuticals
Mining
Software Development
Biotechnology
Renewable Energy
Telecommunications
Automotive
Agriculture
Healthcare
Financial Services
Research & Development
Legal
Research & Development
Finance
Business Development
Commercial
Operations
Innovation
Strategy
Intellectual Property
Project Management
Partnerships
Executive Leadership
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
Head of Research & Development
Legal Counsel
Commercial Director
Business Development Manager
Project Manager
Innovation Director
Research Director
Partnerships Manager
Intellectual Property Manager
Finance Director
Strategy Director
Operations Director
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