Research and Development Agreement
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This kit includes tools and guidelines for preparing a research and development agreement. In certain situations, one company may wish to engage another to perform certain research and development tasks. The second company may have particular expertise or equipment that make it better suited to perform the project, while the first company may have certain knowledge or market position that is an important component of such research. Under the terms of the sample agreement included in this kit, that second company is contracted to carry out a particular project, for which it is compensated by the engaging company, and in aid of which the engaging company may make available certain proprietary information to the contractor. At the completion of the project, the product developed by the contractor is assigned to the engaging company in an outright assignment.
This packet contains:
(1) Research and Development Agreement Information
(2) Research and Development Agreement
State Law Compliance: Designed for use in all states.
Among others, this form includes the following provisions:
• Services
• Payment
• Company Materials
• Reports
• Audits
• Intellectual Property Ownership
• Term
• Termination
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