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.
Ohio Co-Development Agreement
Category:
State:
Multi-State
Control #:
US-TC0511
Format:
Word;
PDF;
Rich Text
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How to fill out Co-Development Agreement?
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FAQ
Section 701.07 | Cooperative economic development agreements. (A) The legislative authority of one or more municipal corporations, by ordinance or resolution, and the board of township trustees of one or more townships, by resolution, may enter into a cooperative economic development agreement under this section.
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.
The purpose of a JEDD is to cut costs, preserve jobs, increase efficiency, and promote development in the communities. JEDD agreements are unique to the state of Ohio. Both businesses and employees can be responsible for Joint Economic Development District tax.
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.