COLLABORATION / PARTNERSHIP AGREEMENT
This Collaboration Agreement is made on [Date] between [Party A Name], having its office at [Address] ("First Party"), and [Party B Name], having its office at [Address] ("Second Party").
- Objective. The parties agree to collaborate to [Common Objective / Project] and combine their respective strengths, with effect from the Effective Date.
- Roles & Contributions. The First Party shall contribute [Role / Resources] and the Second Party shall contribute [Role / Resources] towards the collaboration.
- Cost Sharing. The costs of the collaboration shall be shared in the ratio of [Percentage]% : [Percentage]% or as otherwise agreed for specific activities.
- Revenue / Benefit Sharing. Revenue or benefits arising from the collaboration shall be shared in the ratio of [Percentage]% to the First Party and [Percentage]% to the Second Party.
- Intellectual Property. Each party retains its background IP; jointly developed IP shall be owned as mutually agreed and recorded in writing.
- Exclusivity. During the term, the parties [shall / shall not] undertake a competing collaboration in respect of the subject matter.
- Confidentiality. Each party shall keep confidential all information shared under this collaboration and use it only for the stated objective.
- Governance. A steering committee/nominees of both parties shall meet periodically to review progress and resolve operational matters.
- Term & Exit. This Agreement shall continue until [End Date] and may be terminated on [Number] days' notice, subject to settlement of accrued rights and obligations.
- Governing Law & Dispute Resolution. This Agreement is governed by Indian law; disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].
IN WITNESS WHEREOF, the parties have signed this Collaboration / Partnership Agreement on the date first written above.
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For [Party A Name]
For [Party A Name]
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For [Party B Name]
For [Party B Name]
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Witness 1
Witness 1
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Witness 2
Witness 2