Business Development Agreement Clause Samples
A Business Development Agreement is a contract that outlines the terms and conditions under which two or more parties collaborate to pursue new business opportunities or expand existing markets. Typically, this agreement specifies the roles and responsibilities of each party, the scope of business development activities, compensation structures, and confidentiality obligations. Its core practical function is to clearly define expectations and responsibilities, thereby reducing misunderstandings and ensuring that all parties are aligned in their efforts to achieve mutual business growth.
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Business Development Agreement. The Borrower shall have entered, at or prior to closing, into a Business Development agreement with Wellfleet Partners, Inc., which may be affiliated with one or more Purchasers, a fee of $17,500 per month for minimum of two (months) and 100,000 restricted shares of common stock.
Business Development Agreement. The Parties shall use Reasonable Endeavours to define specific amendments to the Business Development Agreement
Business Development Agreement. Western Water and Agbar hereby agree to jointly pursue certain water-related business opportunities in the U.S. water service industry that both find attractive. In order to induce Western Water to agree to this business development arrangement, Agbar hereby represents and warrants to Western Water that it intends to pursue water infrastructure development opportunities, water utilities acquisitions and municipal water and wastewater privatization business opportunities in the United States (the "Water Business Opportunity"), and that it has the capability to do so. Accordingly, in the event that Western Water becomes aware of a Water Business Opportunity that it is interested in pursuing in joint venture, Western Water shall provide Agbar with written notice of the Water Business Opportunity, which notice shall include a brief summary of the Water Business Opportunity including a description of the project, the potential business opportunity associated with the project and the estimated costs related to the realization of such opportunity. Western Water will remain available to answer reasonable requests for additional information from Agbar. In the event that Agbar is interested in pursuing the Water Business Opportunity with Western Water, Agbar shall notify Western Water in writing of its interest within twenty-one (21) calendar days of its receipt of Western Water's initial notice. If Agbar either declines the Water Business Opportunity or fails to respond to Western Water's notice within the foregoing twenty-one -day (21-day) period, Western Water may thereafter pursue that Water Business Opportunity for its own account, or in joint venture with other entities, without any further obligation to Agbar. If Agbar timely notifies Western Water of its interest in jointly developing any Water Business Opportunity that Western Water has identified, Agbar and Western Water shall thereafter, in good faith, promptly negotiate the terms of an agreement (a "Water Agreement") that allocates all of the benefits and obligations related Water Business Opportunity amongst the parties, including the manner in which the Water Business Opportunity shall be acquired, developed,
Business Development Agreement. AFFC and US Foods International, LLC ("USFI") shall have entered into a Business Development Agreement in the form of Exhibit B hereto.
Business Development Agreement. The Company shall have executed and delivered to the buyer an Agreement in a form acceptable by both parties.
Business Development Agreement. Prior to closing the parties Shall execute the Business Development Agreement attached hereto as Exhibit G with respect to any partnership, distribution or licensing agreement for the Territory of Japan.