This collaboration agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our collaboration agreement template:
COLLABORATION AGREEMENT This Collaboration Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME], ("Party A") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME], ("Party B") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [COMPLETE ADDRESS] Collectively, Party A and Party B shall be referred to as the "Parties." WHEREAS, Party A and Party B wish to collaborate with each other for the fulfillment of certain business purposes, as discussed further in the Agreement; WHEREAS, Party A is in the business of [SPECIFY BUSINESS] and Party B is in the business of [SPECIFY BUSINESS]; WHEREAS, the Parties desire to collaborate for the pursuit of common business goals; WHEREAS, the Parties hereto have, after several consultations with each other, shown the intention to co-operate with each other and enter into collaboration with each other. NOW, THEREFORE, the Parties agree as follows: TERM The present Agreement shall come into force on [SPECIFY DATE] and shall be in force unless terminated by either Party, as per the provisions of the present Agreement. SCOPE The scope of the present Agreement is [SPECIFY THE SCOPE IN DETAIL]. RESPONSIBILITIES AND ACKNOWLEDGEMENTS OF THE PARTIES The Parties declare that they shall follow the terms of the contract in good faith and with the best interests to promote the Business contemplated under the present Agreement. The Parties shall fulfill all their obligations by being compliant with the applicable laws. REVENUE SHARING The revenues collected by the Parties out of the Business shall be divided between Party A and Party B in the following ratio: To Party A: [SPECIFY THE PERCENTAGE] % of the revenue generated out of the Business; To Party B: [SPECIFY THE PERCENTAGE] % of the revenue generated out of the Business; The said revenue shall be split within [SPECIFY NUMBER OF DAYS] days of receiving of the Parties. AUDIT The Parties shall have the right to audit the book of accounts of the revenue received out of the Business, and if either Party has been paid less than the due amount to be paid, then that Party shall be paid the debts of the amount due to it plus an interest of [SPECIFY THE PERCENTAGE] %. CONFIDENTIALITY The terms of this Agreement are strictly confidential, and the Parties shall not disclose the details to any third party, other than for the purpose of providing services hereunder the present Agreement. Along with the details of the Agreement, either Party may disclose to the other Confidential Information about itself. Confidential Information, as used in this Agreement, shall mean any information or data which, (a) if in tangible form or other media that can be converted to readable form, is clearly marked as proprietary, confidential or private when disclosed; (b) if oral or visual, is identified as proprietary, confidential, or private at the time of disclosure; or (c) is of a nature or is disclosed under circumstances such that a reasonable person would consider it confidential. A Disclosing Party's Confidential Information shall not include information that (i) is or becomes part of the public domain through no act or omission of a Receiving Party; (ii) was in the Receiving Party's lawful possession prior to the disclosure and had not been obtained by the Receiving Party from the Disclosing Party; (iii) is disclosed to the Receiving Party by a third party not known to the Receiving Party, following reasonable inquiry, to be subject to an obligation of nondisclosure with respect to such information; or (iv) is independently developed by the Receiving Party without use of or reference to the Disclosing Party's Confidential Information. The Receiving Party agrees to hold in confidence and not to disclose or reveal to any person or entity the Disclosing Party's Confidential Information, and not to use the Disclosing Party's Confidential Information for any purpose other than in connection with the Parties' discussions regarding, and performance of, a Transaction. Without limiting the generality of the foregoing, the Receiving Party shall not disclose any Confidential Information of the Disclosing Party to any of the Receiving Party's employees or agents except those employees or agents who are required to have such Confidential Information to participate in the Parties' discussions regarding, or performance of, a Transaction, and who are under a written obligation of confidentiality or nondisclosure to Receiving Party. The Receiving Party agrees to take commercially reasonable steps to ensure that Confidential Information is not disclosed or distributed by its employees in breach of this Agreement, including but not limited to advising each permitted employee to whom Confidential Information is disclosed of his/her obligations regarding confidentiality and non-use of such information. The Receiving Party shall be fully responsible for any breach of this Agreement by its employees. The Receiving Party may disclose Confidential Information of the Disclosing Party if required by law or judicial, arbitral or governmental order or process, provided the Receiving Party gives the Disclosing Party prompt written notice of such requirement, reasonably co-operates (at the Disclosing Party's expense) with the Disclosing Party's efforts to obtain a protective order or other appropriate relief, and discloses only the Confidential Information required to be disclosed under such law, order or process.
