Agreement where two or more parties come together to develop software in general. Specifically intended for multimedia development. Sample "A The Parties have agreed to develop the Project and have agreed upon certain matters relating to the manner in which the Project is to be conducted including the administration finance and management and upon certain other matters and are now desirous of recording such agreement in writing. B The Parties have agreed that their relationship must be governed by these terms and conditions . 16 CREATION OF PROJECT 16 . 1 As at the Commencement Date, the Parties must participate in the Project for the creation of the Works and the subsequent marketing, sale and distribution of the Works upon and subject to these terms and conditions . 16 . 2 As at the Commencement Date the respective Participating Interests of the Parties are:- 16 . 2 . 1 ?a5? - 50% 16 . 2 . 2 ?a6? - 50% 3 FINANCING OF THE PROJECT 3. 1 ?a5? must be empowered to make decisions in respect of all undertakings, activities and operations for the purposes of and in the cause of the Project and the undertaking of any activity pursuant to this Agreement. The unanimous consent of the Parties will however be required for:- 3. 1 . 3 the Mortgage, pledge, charge or other encumbrance affecting undertakings of the Agreement; and 3. 1 . 4 the sale or disposal of the whole or a substantial part of the Project otherwise than in the normal and usual course of the business; 3. 1 . 5 the entering into of any onerous or long term contracts or commitments. 3. 2 ?a5? must solely be responsible for Expenditure provided this falls within the Project. 3. 3 The Project must be performed and managed by ?a5? . 3. 4 ?a5? must in each year prepare:- 3. 4 . 1 proposed programs and budgets; and 3. 4 . 2 annual financial statements for each year."
|
Multi media collaborative agreement ? software
