This co-development agreement is for use by two companies who are looking to enter a relationship to develope a common technology that can be used by both companies. The agreement covers the purpose of the agreement in more exacting terms, as well as the mutual covenants to the agreement.
North Carolina Co-Development Agreement
Category:
State:
Multi-State
Control #:
US-TC0511
Format:
Word;
PDF;
Rich Text
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FAQ
A development agreement is a voluntary contract between a local jurisdiction and a person who owns or controls property within the jurisdiction, detailing the obligations of both parties and specifying the standards and conditions that will govern development of the property.
Co-development agreements establish which company owns which aspect of the intellectual property in question. With ownership comes responsibility for patent prosecution and mounting defenses against allegations of IP infringement.
While Joint Venture and a Joint Development Agreement are synonymously used terminologies, they are quite different. A Joint Venture also referred as JV is applicable to every kind of business; however, a Joint Development Agreement i.e. JDA is restricted only to the real estate sector.
A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.
Joint Development Agreement means a registered agreement in which a person owning land or building agrees to allow another person to develop a real estate project on such land or building, in consideration of a share in such project, whether with or without payment of part of the consideration in cash or by a cheque or ...
§ 160D-1004. A local government may enter into a development agreement with a developer for the development of property as provided in this Article for developable property of any size. Development agreements shall be of a reasonable term specified in the agreement.
A joint development agreement is an arrangement between two or more parties collaborating to work on a project or initiative to develop a product or technology. Establishing the rights, duties, and obligations of each party involved in the collaborative development endeavor is the goal of a contract.