This Collaboration Agreement (the “Agreement”), dated as of 22 February 2025, is entered into by and between:
PARTY_1_NAME (“Party A”), a company/individual organized and existing under the laws of JURISDICTION_STATE, and
PARTY_2_NAME (“Party B”) , a company/individual organzied and existing under the laws of JURISDICTION_STATE. Each may hereunder be referred to collectively as the “Parties”.
Recitals
WHEREAS:
(A) The Parties wish to collaborate on a project for DESCRIPTION_PROJECT and desire to set forth their respective rights and obligations regarding the collaboration.
(B) In consideration of the mutual covenants and agreements contained herein, the Parties agree as follows:
1. DEFINITIONS
1.1 Project: The “Project” refers to the collaborative effort between the Parties for DESCRIPTION_PROJECT, as detailed in Exhibit A attached hereto.
1.2 Confidential Information: “Confidential Information” means any non-public, proprietary information disclosed by one Party to the other in the course of the collaboration, including but not limited to business plans, marketing strategies, customer lists, technical data, product designs, software code, and financial information.
1.3 Intellectual Property: The term “Intellectual Property” refers to all patents, copyrights, trademarks, trade secrets, and any other proprietary rights relating to the Project, whether registered or unregistered.
1.4 Deliverables: The specific outputs, products, or services to be produced as a result of the collaboration, as detailed in Exhibit B attached to this Agreement.
1.5 Term: The “Term” refers to the duration of this Agreement, as set forth in Section 6.
1.6 Expenses: the costs incurred by either Party in the performance of their respective obligations under this Agreement, including but not limited to development costs, marketing expenses, travel, and administrative fees.
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