Business Collaboration Clause Samples
The Business Collaboration clause establishes the framework and expectations for how two or more parties will work together to achieve shared business objectives. Typically, this clause outlines the scope of the collaboration, the roles and responsibilities of each party, and the mechanisms for communication and decision-making. For example, it may specify joint marketing efforts, resource sharing, or co-development of products. Its core practical function is to ensure that all parties are aligned in their efforts, reducing misunderstandings and providing a clear structure for cooperation.
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Business Collaboration. The Company and Subscriber agree to discuss in good faith business collaboration arrangements between the Company and Subscriber (or their respective affiliates), including with respect to the enhancement of existing products and exploration of new functionalities and proof of concept efforts between the Company and Subscriber (or their respective affiliates), it being agreed that further details of such collaboration arrangements shall be determined later by the mutual agreement between the Company and Subscriber (or their respective affiliates).]
Business Collaboration. Following the Closing, Representatives of the Sponsor shall use commercially reasonable efforts to facilitate discussions between Representatives of the Company and Representatives of entities holding brands that may be approved by the Company from time to time (each of such entities, a “Cooperating Entity”), with respect to potential collaborations between the Company and a Cooperating Entity in connection with the following activities of the Company: (i) marketing, (ii) customer engagement, (iii) product development, (iv) retail space, and (v) technology infrastructure development. Notwithstanding anything to the contrary herein, the forfeiture of Sponsor Earn-Out Shares pursuant to Section 5.7(b) shall be the sole remedy for Sponsor’s breach of this Section 5.3.
Business Collaboration. Simultaneously with the execution of this Agreement, the Parties shall enter into the Collaboration Agreement.
Business Collaboration. M-Systems shall promote the Migo Products in accordance with the following guidelines:
3.1. PowerHouse will develop the Migo Products and will adapt them to run as U3 Software in accordance with U3 guidelines and pursuant to the terms of the Software and U3 Related Products Agreement to be entered into by PowerHouse and U3.
3.2. PowerHouse hereby grants M-Systems and its Associated Companies a worldwide, transferable license to market, distribute, promote, offer for sale, offer for re-sale and sell the Migo Products as an integrated part of M-Systems USB Drives only, and to use and display the trademarks, names, service marks, and logos of PowerHouse related to the Migo Products or in connection with such M-Systems USB Drives only. In consideration for such license, PowerHouse shall be entitled to receive and M-Systems shall pay to PowerHouse a fee of [ * * * ] per unit of Migo Professional bundled with an M-Systems USB Drive sold to an M-Systems Customer. For the avoidance of doubt, the right and license for the Migo Personal and Migo Upgrade as provided in this Agreement shall be at no cost to M-Systems.
3.3. M-Systems shall offer Migo Products to M-Systems Customers. The Migo Professional may be offered to M-Systems Customers in the initial form of the Migo Upgrade. The Migo Upgrade shall contain full functionality of the Migo Professional; however, the version will degrade to the Migo Personal version at the end of a 45-day period. During such 45-day period, the end-user shall have the option to purchase a license directly from PowerHouse in order to maintain the full functionality of the Migo Professional. Such upgrade mechanism shall be fully managed and operated by PowerHouse. The purchase by end-users may be made by way of a link to designated web site owned or hosted by PowerHouse (“Custom Landing Page”). Such Custom Landing Page shall not be available to the general public or to other PowerHouse customers or potential customers and shall be designated solely to M-Systems Customers.
3.4. M-Systems, to the extent commercially practicable, will promote the Migo Upgrade as the primary Migo Product to M-Systems Customers. Furthermore, M-Systems will actively promote PowerHouse’s interests with M-Systems’ Customers, aiming at allowing PowerHouse to market its Migo Product upgrades directly to M-Systems’ Customers end-user base. PowerHouse will provide M-Systems with its recommended marketing messages in order to promote the bundling of the Migo Product...
Business Collaboration. 3.1. The Parties shall undertake to use their best endeavours to ensure that the BCA remains confidential between the Parties at all times, unless the Parties agree, in accordance with Section 3.2 below, or otherwise in writing, to disclose its existence or contents, subject to either of the Parties being compelled by law and/or a governmental or regulatory body to which it is subject, that requires disclosure of the BCA.
3.2. The Parties shall undertake to use their best endeavours to agree prior to completion of the investment a summary of the key terms of the BCA and this Letter that the Parties agree may be disclosed to current and prospective investors, with H/KMC’s prior approval in accordance with Section 6 below.
3.3. Within 60 business days following completion of the Investment, the Company and H/KMC shall arrange a detailed set of workshops, to align, inter alia, the norms, processes and terminology of potential collaboration projects, as agreed within the BCA. As part of these workshops, the Parties shall discuss and agree the roles and responsibilities, as well as, key deliverables (including, but not limited to: work scope, specification, achievable performance, drawings, project timelines, estimated cost and financial feasibility analysis) to help ensure the successful collaboration between the Parties in furtherance of the objectives of the BCA.
Business Collaboration. The business collaboration specifies for the abovementioned activity diagram the input and output triggers, constrains and system boundaries for the business transactions, business collaboration protocols and their interrelationships.