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A quick and simple checklist on issues relating to co-operation, collaboration and unincorporated joint venture agreements including third party consents.
The document is a checklist template for any co-operation, collaboration and incorporated joint venture agreements.
The document does not constitute legal advice. It is advised that consultation should be made with lawyers before utilising the document.
1. Checklist for Co-operation and Collaboration Agreements
Scope, Responsibilities of parties, Timetable, Background technology, Project know-how, Use of know-how, Confidentiality, Structure, Project management, Modifications, Funding, Ownership, Liability, Termination, Exclusivity, Court or Arbitration, Competition law
2. Checklist for Unincorporated Joint Venture:
Identity of parties, Allocation of work, Scope of work, Management, Project leader, Joint account, Apportionment of profits/losses, Funding, Performance Bonds, Liability, Intellectual property, Staff/labour costs, Exclusivity, Pricing, Termination, Default, Force Majeure, Insurance, Dispute resolution, Choice of law, Accounting, Partnership, Third Party Consents to be Obtained, Taxation, Employees
This document should be carefully read by the Individual Borrower and Lender.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.