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We have a team of very experienced commercial lawyers who have drafted and advised on many collaboration agreements. Wellers provides a cost effective yet highly experienced alternative to bigger law firms.

Important considerations with business collaborations

Collaborations can range from fluid, informal collaborations to full-fledged joint ventures. The most common form of collaboration is a Joint Venture whereby a separate legal entity, typically a limited company, is set up, co-owned by the collaborators.

Key Factors Influencing Structure

• Overall Objective: What are you aiming to achieve?
• Organisational Size & Resources: What does each party bring to the table?
• Financial Contributions: Who invests what and when?
• Intellectual Property: Protecting and ownership of existing and any created intellectual property.
• Negotiating Position: what is the bargaining power of each party?

Important considerations for a collaboration agreement

• Project Objectives: Clearly define goals, deliverables, and expected contributions.
• Intellectual Property: Ownership, access rights, and non-disclosure clauses.
• Financial Contributions: Investment commitments, funding schedules, and profit/loss sharing.
• Decision-Making & Control: Voting rights, dispute resolution mechanisms, and management procedures.
• Reporting & Project Management: Communication protocols, performance updates, and project oversight.
• Non-Competition & Non-Solicitation: Clauses preventing actions detrimental to the collaboration.
• Dispute Resolution: Agreed-upon process for resolving disagreements.
• Termination & Exit Strategy: Defined grounds for termination and procedures for winding down the collaboration.

Remember: Every collaboration is unique. This guide provides a starting point, but seeking professional legal advice is crucial for tailoring an agreement that protects your interests and sets your partnership up for success.