Partnership Research and Development Agreement

A Partnership Research and Development Agreement is a legal document that outlines the terms and conditions for a partnership’s joint research and development activities with another party. It typically includes provisions for the scope and objectives of the research, the allocation of costs and resources, and the ownership and use of any intellectual property that is created. The agreement may also address issues such as confidentiality, publication rights, and the handling of disputes or termination. A Partnership Research and Development Agreement helps to ensure that both parties have a clear understanding of their rights and obligations, and can help to facilitate the creation and commercialization of new products, services, or technologies.