Technology Development Agreement Sample Clauses
A Technology Development Agreement is a contract that outlines the terms under which two or more parties collaborate to develop new technology, products, or processes. It typically specifies the roles and responsibilities of each party, the allocation of intellectual property rights, confidentiality obligations, and the management of project milestones and deliverables. By clearly defining these aspects, the agreement helps prevent disputes, ensures that contributions and benefits are fairly distributed, and protects the interests of all parties involved in the development process.
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Technology Development Agreement. (Section 11.1(a)).
Technology Development Agreement. III Term
Technology Development Agreement. Set out below is a summary of the principal terms of the Technology Development Agreement:
Technology Development Agreement. On 15 June 2011, the Company entered into Technology Development Agreement with CTDC whereby both parties agreed to develop new types of woven fabric material through a long-term cooperation in the areas including the application of raw material, fabric manufacturing art craft and product design. Under the Technology Development Agreement, which is valid from 15 June 2011 to 15 June 2015, the Company agreed to provide the initial capital, the subsequent research and development capital, product tests, and the place, equipment and material for the development, while CTDC agreed to provide researchers for joint development and to train the Company’s technicians. Either party will support the other party or the third party appointed by the other party. Both parties will prepare research budgets later. Both parties agreed to focus on the following three main areas of development:
Technology Development Agreement. Date: 10 May 2019 Parties: (1) the Company (as contractor); and