Sample Business Collaboration Agreement
This Business Collaboration Agreement (the “Agreement”) is made and entered into as of [Date] by and between [Company Name 1], a [State of Incorporation] corporation with its principal place of business at [Address] (“Company 1”), and [Company Name 2], a [State of Incorporation] corporation with its principal place of business at [Address] (“Company 2”, and together with Company 1, the “Parties”).
WHEREAS, the Parties desire to collaborate on a joint venture to [State the purpose of the collaboration].
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:
1. Purpose of Agreement
The purpose of this Agreement is to establish the terms and conditions under which the Parties will collaborate on the joint venture.
2. Scope of Collaboration
The scope of the collaboration includes, but is not limited to, the following:
- [List the specific activities that the Parties will collaborate on]
3. Responsibilities
The Parties shall be responsible for the following:
- Company 1:
- [List the specific responsibilities of Company 1]
- Company 2:
- [List the specific responsibilities of Company 2]
4. Intellectual Property
- All intellectual property rights developed or created by the Parties during the course of the collaboration shall be jointly owned by the Parties.
- The Parties shall have the right to use the jointly owned intellectual property for the purposes of the collaboration.
- Each Party shall be responsible for obtaining all necessary consents and clearances for the use of its own intellectual property in connection with the collaboration.
5. Confidentiality
Each Party agrees to keep confidential all information received from the other Party during the course of the collaboration, including, but not limited to, trade secrets, know-how, and financial data.
6. Term and Termination
- This Agreement shall commence on the Effective Date and shall continue for a period of [Duration] (the “Term”).
- This Agreement may be terminated by either Party upon [Notice period] written notice to the other Party.
- This Agreement may be terminated immediately by either Party upon the occurrence of a material breach of this Agreement by the other Party.
7. Dispute Resolution
Any dispute arising out of or relating to this Agreement shall be resolved through [Dispute resolution method].
8. Entire Agreement
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
10. Severability
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.
11. Notices
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, postage prepaid, or sent by reputable overnight courier service, addressed as follows:
If to Company 1:
[Company Name 1] [Address] [Phone Number] [Email Address]
If to Company 2:
[Company Name 2] [Address] [Phone Number] [Email Address]
12. Waiver
No waiver by either Party of any breach or default of any provision of this Agreement shall be deemed to be a waiver of any other or subsequent breach or default.
13. Binding Effect
This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
[Company Name 1]
By: [Name]
Title: [Title]
[Company Name 2]
By: [Name]
Title: [Title]
Please note: This is a sample agreement and may not be suitable for all situations. You should consult with an attorney to ensure that the agreement is appropriate for your specific needs.
