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09:35
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Originally posted by deefunkt
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if anyone else like me was wondering what a collaboration agreement is:Collaboration Contract ) is an agreement between two (2) or more organisations (or individuals) that want to collaborate to pursue a defined or limited business purpose. In essence a Collaboration Contract is a species of unincorporated joint venture because the collaborators have to contribute resources and decide on the ownership of the proceeds. In the technology sector, the main legal issues involve the contribution and licensing of background Intellectual Property (IP ), the ownership of the resulting IP and arrangements which apply at the end of the term.
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THanks, so the only question now is what exactly did they agree on to work together on and the resulting objective and how is it "shared". Sure sounds like its "stronger" then an MOU, but not by much.
