Understanding the Collaboration Agreement

Michelle L. Grenier, Small Business Lawyer

 

Small Business Lawyer and Trademark Attorney

 Michelle L. Grenier, Esq.

Michelle L. Grenier, Esq., Small Business Lawyer and Trademark Attorney

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Collaboration Agreement Checklist

collaboration agreement checklistBefore collaborating, consider that absent a well-drafted, comprehensive, Collaboration Agreement, your investment will be at substantial risk.  Here are some important issues that should be addressed in a well drafted Collaboration Agreement.

 

   1.  Define important terms used throughout the Agreement.

   2.  Objective of the Agreement.

   3.  Duties, Responsibilities and Expectations of each party.

   4.  Property to be licensed by each party to the other party(ies) for purposes of the Project.

   5.  Limitations  as to use of disclosed information and licensed property.

   6.  Grant right to licensee to sublicense rights or prohibit sublicensing rights.

   7.  Ownership of new developments arising out the Project.

   8.  Allocation of responsibility and process for prosecution of patents for new developments.

   9.   Allocation of responsibility and process in event of infringement of patents by third parties.

   10.  Allocation of responsibility and process in event of infringement of third party patents.

   11.  Patent marking requirements for new developments and licensed property.

   12.  Mutual indemnity and liability limitations.

   13.  Confidentiality Agreement.

   14.  Address required treatment of Trade Secrets, to comply with laws pertaining to trade secret protection.

   15.  Termination provisions; post-termination obligations.

   16.  Governing Law and Jurisdiction.

   17.  Representations and Warranties that each party is relying upon when entering the Collaboration Agreement.

   18. And other important clauses and provisions.

To discuss your Collaboration Agreement issues and concerns, contact Michelle Grenier, Esq. directly:

Via E-mail: Michelle@ContactMyLawyer.com

or Click Here to Schedule a Consultation

 

 

 

*Note, this is not an exclusive checklist. Do not rely solely on this checklist.

 
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DISCLAIMER: These materials have been prepared by Grenier Law Offices, PC for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking direct professional counsel. See further notices in our Terms of Use.      To discuss your business issue with an Experienced Boston Business Lawyer or Maine Business Lawyer e-mail Michelle L. Grenier, Esq at michelle@contactmylawyer.com