Get your Collaboration agreement ready Now!
Collaboration Agreement
All you know about Collaboration Agreement
When
two parties join hands to work
together on a commercial project on a collaborative or cooperative basis for technical
know-how, technical designs and drawings; training of technical personnel of
one of the parties in the manufacturing and/or research and development
divisions of the other party.
The
word “collaboration” has, however, acquired a specific meaning, which refers to
cooperation between a party within India and a party abroad. The agreements
drawn and executed between such collaborating parties are known as “foreign
collaboration agreements”.
A
large number of Indian industrialists have already entered into long and
short-term collaboration arrangements with foreign companies, firms etc.
Factors need to be considered while
executing Collaboration agreement
- Investment
- Duration of
agreement
- Purpose of
agreement
- Matters to be
considered for agreement
- Governing Law followed by
company involved in an agreement
- Consideration involved in an agreement
Get in touch with us to know more details