How to Structure a Technology Partnership Agreement?
A well-structured agreement is essential to the success of a technology partnership. Key components include:
Scope and Objectives: Clearly define the scope of the partnership and its objectives. Roles and Responsibilities: Outline the roles and responsibilities of each party. IP Rights: Address the ownership and usage of intellectual property developed during the partnership. Governance and Management: Establish governance structures and management processes to oversee the partnership. Exit Strategy: Define the conditions under which the partnership can be terminated and the processes for unwinding it.