Product Development Agreement Template for Belgium

The Product Development Agreement is essential when a company (client) wishes to engage a specialized developer or firm to create new products or technologies. This contract type is particularly important in the Belgian market where specific legal requirements govern commercial relationships and intellectual property rights. The agreement provides a structured framework for the development process, clearly defining roles, responsibilities, deliverables, and ownership of intellectual property. It includes provisions for project management, quality standards, testing procedures, and acceptance criteria, while ensuring compliance with Belgian contract law, IP legislation, and relevant EU regulations. The document is crucial for protecting both parties' interests throughout the development lifecycle, from initial concept to final delivery.

1. Parties: Identification of the contracting parties including full legal names, registration details, and addresses

2. Background: Context of the agreement, including the client's need for product development and developer's expertise

3. Definitions: Definitions of key terms used throughout the agreement, including technical terms specific to the product

4. Scope of Development Services: Detailed outline of the development services to be provided, including project phases and objectives

5. Project Management: Project governance structure, reporting requirements, and communication protocols

6. Developer's Obligations: Key responsibilities and commitments of the developer, including quality standards and expertise

7. Client's Obligations: Client's responsibilities, including provision of information, materials, and approvals

8. Timeline and Milestones: Development schedule, key milestones, and delivery dates

9. Acceptance Testing: Procedures for testing deliverables and acceptance criteria

10. Intellectual Property Rights: Ownership and licensing of IP created during development, including background and foreground IP

11. Payment Terms: Fee structure, payment schedule, and expenses

12. Confidentiality: Protection of confidential information exchanged during the project

13. Warranties and Indemnities: Warranties regarding services and deliverables, and indemnification provisions

14. Term and Termination: Duration of agreement and circumstances for termination

15. General Provisions: Standard legal provisions including governing law, dispute resolution, and force majeure