The North Carolina Agreement for Research on New Product or Process is a legal document that outlines the terms and conditions of collaboration between entities involved in research activities for the development of new products or processes. This agreement serves as a foundation for fostering innovation and promoting research-driven advancements in various sectors. Keywords: 1. North Carolina: Refers to the state where the agreement is specifically applicable. It signifies that the agreement is governed by the laws and regulations of North Carolina. 2. Agreement: Denotes a legally binding contract between multiple parties involved in the research collaboration. The agreement outlines the rights, duties, and responsibilities of each party. 3. Research: Highlights the main objective of the agreement, which is to conduct systematic investigation and experimentation to contribute to the development of new products or processes. 4. New Product: Indicates the focus on the creation or improvement of goods or services that address societal needs, technological advancements, or market demands. The agreement will cover the research activities related to the development of these new products. 5. Process: Denotes the methodologies, methodologies, or procedures involved in producing goods or providing services. The agreement also covers research related to the enhancement or innovation of existing processes. Different types of North Carolina Agreement for Research on New Product or Process include: 1. Industry-Academia Agreement: This agreement involves collaboration between industries or companies and academic institutions located in North Carolina. It facilitates the sharing of expertise, resources, and intellectual property in order to accelerate research and development initiatives. 2. Inter-organizational Agreement: This type of agreement is signed between multiple organizations, either from the same industry or different sectors, to collectively work on research to develop groundbreaking products or processes. This agreement enables the pooling of resources and knowledge for more efficient and effective research outcomes. 3. Public-Private Partnership Agreement: This agreement is established between public entities such as government agencies, research institutions, or universities, and private companies or organizations. It aims to leverage the strengths of each sector to drive research, innovation, and economic growth in North Carolina. 4. Collaborative Research Agreement: This type of agreement is formed between two or more entities, which could be academic institutions, research organizations, or companies. The purpose is to join forces and combine specialized knowledge, expertise, and resources to conduct research on new products or processes, maximizing the potential for successful outcomes. Please note that the specific names and types of North Carolina Agreement for Research on New Product or Process may vary depending on the organizations involved and the sector of focus.