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Co Development Agreement
"Need a Co Development Agreement for a joint software development project between our AI startup and a research institution in Singapore, focusing on machine learning algorithms, with specific provisions for data sharing and joint IP ownership, to commence in March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the co-development arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Development: Detailed description of the project and deliverables
5. Intellectual Property Rights: Ownership and licensing of pre-existing and newly created IP
6. Development Timeline: Project milestones and delivery schedules
7. Payment Terms: Financial arrangements and payment schedules
8. Confidentiality: Protection of confidential information
9. Term and Termination: Duration and termination provisions
1. Change Management: Procedures for handling changes to scope or specifications - used for complex projects with likely modifications
2. Third Party Components: Management of third-party software or components - used when project involves third-party elements
3. Export Control: Compliance with export regulations - used for international projects or controlled technologies
4. Source Code Escrow: Arrangements for source code protection - used when source code protection is critical
1. Technical Specifications: Detailed technical requirements and specifications
2. Development Methodology: Project management approach and procedures
3. Service Levels: Performance metrics and standards
4. Background IP Schedule: List of pre-existing intellectual property
5. Project Team: Key personnel and responsibilities
6. Cost Breakdown: Detailed breakdown of development costs
Authors
Background IP
Business Day
Confidential Information
Co-Developed IP
Development Phase
Development Plan
Deliverables
Effective Date
Foreground IP
Implementation Schedule
Intellectual Property Rights
Joint IP
Know-How
License
Milestones
Project
Project Manager
Project Materials
Project Team
Regulatory Approvals
Representatives
Specifications
Technical Information
Term
Territory
Third Party IP
Work Product
Project Scope
Development Phases
Project Management
Contributions and Resources
Development Methodology
Intellectual Property Rights
Background IP License
Foreground IP Ownership
Confidentiality
Data Protection
Performance Obligations
Payment Terms
Change Control
Quality Assurance
Testing and Acceptance
Warranties and Representations
Liability and Indemnification
Force Majeure
Term and Termination
Post-Termination Obligations
Commercialization Rights
Non-Competition
Dispute Resolution
Governing Law
Assignment and Subcontracting
Notices
Export Control
Third Party Rights
Entire Agreement
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