Free Confidential Research and Development Agreement
Confidential Research and Development Agreements are used by a contractor who performs research on behalf of a particular company. This agreement includes the data which will be provided to researcher, how much he or she will be paid and who owns the intellectual property rights.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
C O N F I D E N T I A L
RESEARCH & DEVELOPMENT AGREEMENT
This Research & Development Agreement ("Agreement"), effective as of _________ is made and entered into by and between ________________ (“Company 1”) and (“Company 2”)
WHEREAS, Company 1 and Company 2 are entering intothis Research & Development Agreement("Agreement"), effect on this ____ day of 20 ___ ("Effective Date").for the purposes of__________________________________________________________________________.
NOW THEREFORE in consideration of the foregoing and the covenants and promises
contained herein, the Parties agree as follows:
1. Obligations of Company 1.
2. Obligations of Company 2.
3. Exchange of Information. The Parties hereto agree that the success of themutual collaboration is dependent in part on mutual trust and on a regularexchange of information between both Parties.
4.Committee Formation. Upon execution of this Agreement by both Parties, the Development Committee shall be formed and shall consists _______________________ ______________________________________________________________________________
5. Development Proposal. ________________________________________________________
6. Products. ___________________________________________________________________
7. Term and Termination. This Agreement shall commence on the Effective Dateand shall continue thereafter for ____ years from the Effective Date
IN WITNESS WHEREOF the Parties hereto have signed this Agreement:
Company 1/Date Company 2/Date