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Research and Development Agreement

A Research and Development Agreement between two parties represents a pursuit of innovation via cooperation and applied research.
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Frequently Asked Questions

The Research and Development Agreement can be terminated in several ways, depending on the circumstances. Often, the agreement simply expires without producing any results.
Also, by mutual consent, the agreement can be nullified or terminated at any point. Furthermore, one party in the contract may choose to give notice and request the deal's termination. The other party may decide to accept it, or they can go to arbitration.

In some cases, yes. If the R&D Agreement covers a significant investment or there are sensitive elements in the agreement, we advise both parties to discuss the contract terms with their legal counsel.

In structure, it's very similar to the R&D Agreement but doesn't have to include clauses about intellectual property, for example.
A Cooperation Agreement can be between any two parties and doesn't need to include technological research.

As the research and development results can produce valuable results, the issue of ownership and exploitation of these results is imperative.
Parties included in the R&D Agreement must discuss this issue before entering the agreement. The discussion should also involve licensing possibilities, duty regarding patent registration, and more.

Typically, the Research and Development Agreement requires all parties to keep all data regarding the research confidential.
This allows them to work on developing new technologies without fear of competition. That is why the agreement should contain a special clause outlining what confidentiality entails and what happens if it's broken.