Long Term Partnering Agreement Template for Austria

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Key Requirements PROMPT example:

Long Term Partnering Agreement

"I need a Long Term Partnering Agreement between an Austrian software development company and a German cloud services provider, focusing on joint development of AI solutions, with specific provisions for IP sharing and data protection compliance, planned to commence March 1, 2025."

Document background
The Long Term Partnering Agreement is designed for organizations seeking to establish sustainable, strategic collaborations under Austrian law. It is particularly suitable for complex business relationships requiring detailed governance structures, clear operational frameworks, and long-term commitment. This document type is commonly used when parties wish to create a more integrated partnership than a standard service agreement but don't want to form a joint venture or new legal entity. It addresses key aspects such as risk sharing, resource allocation, performance metrics, and partnership evolution, while ensuring compliance with Austrian commercial law requirements and EU regulations. The agreement is structured to provide flexibility for growth while maintaining clear boundaries and responsibilities, making it ideal for strategic alliances, research partnerships, and long-term supply chain collaborations.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context of the agreement and parties' intentions

3. Definitions and Interpretation: Key terms and interpretation rules

4. Partnership Scope and Objectives: Detailed description of partnership purpose and goals

5. Duration and Term: Agreement duration, renewal terms, and key dates

6. Partnership Principles: Core principles governing the collaboration

7. Obligations of the Parties: Key responsibilities and commitments of each party

8. Financial Terms: Cost sharing, revenue allocation, and financial arrangements

9. Performance Metrics: Key performance indicators and measurement criteria

10. Operational Framework: Day-to-day operations and management procedures

11. Communication and Reporting: Communication protocols and reporting requirements

12. Confidentiality: Protection and handling of confidential information

13. Data Protection: GDPR compliance and data handling procedures

14. Liability and Indemnification: Risk allocation and liability provisions

15. Force Majeure: Handling of unforeseen circumstances

16. Termination: Termination grounds and procedures

17. Post-Termination Obligations: Obligations surviving termination

18. Dispute Resolution: Dispute handling procedures and jurisdiction

19. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

1. Intellectual Property Rights: Required when partnership involves creation or sharing of IP

2. Non-Competition: Include when parties need to restrict competitive activities

3. Governance Structure: For complex partnerships requiring specific management structures

4. Change Management: For partnerships requiring formal processes for changes

5. Resource Allocation: When specific resources need to be committed

6. Quality Standards: For partnerships involving product/service delivery

7. Compliance Requirements: For heavily regulated industries

8. Insurance Requirements: When specific insurance coverage is needed

9. Environmental Standards: For partnerships with environmental impact

10. Social Responsibility: When CSR commitments are part of partnership

Suggested Schedules

1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables

2. Schedule 2 - Financial Terms: Detailed pricing, payment terms, and financial models

3. Schedule 3 - KPIs: Detailed performance metrics and measurement methods

4. Schedule 4 - Governance Structure: Detailed management and decision-making procedures

5. Schedule 5 - Technical Requirements: Technical specifications and standards

6. Schedule 6 - Contact Details: Key contacts and communication protocols

7. Schedule 7 - Implementation Plan: Timeline and milestones for partnership implementation

8. Appendix A - Form of Reports: Templates for required reports

9. Appendix B - Compliance Checklist: Required compliance measures and documentation

10. Appendix C - Change Request Form: Template for requesting and documenting changes

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Technology

Healthcare

Automotive

Energy

Telecommunications

Financial Services

Research and Development

Education

Professional Services

Construction

Logistics

Retail

Agriculture

Environmental Services

Relevant Teams

Legal

Commercial

Operations

Finance

Strategy

Business Development

Procurement

Risk Management

Compliance

Corporate Development

Project Management

Partnership Management

Research and Development

Supply Chain

Relevant Roles

Chief Executive Officer

Chief Operating Officer

Chief Financial Officer

General Counsel

Legal Director

Commercial Director

Head of Strategy

Head of Partnerships

Business Development Director

Operations Manager

Project Manager

Procurement Manager

Risk Manager

Compliance Officer

Contract Manager

Partnership Coordinator

Strategic Alliance Manager

Corporate Development Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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