Collaborative licence agreement. Agreement where each party licences each other to collaborate on achieving a desired result.
Sample
"A. The parties have agreed to participate in the Project.
B. ## sells and licences the Product in Australia and elsewhere and desires to contribute its skills to the Project.
C. ## has experience in the business of selling the Product within Australia and desires to contribute its expertise to the Project.
D. The parties have agreed upon certain matters relating to the manner in which the Project is to be conducted including the administration, financing and management thereof and upon certain other matters and are now desirous of recording such agreement in writing.
E. The parties have further agreed that their relationship as constituted by this Agreement, will be governed by the terms and conditions hereinafter contained.
2. PURPOSE OF AGREEMENT
2.1 ## has developed the Product and is the legal and beneficial........
3. CREATION OF THE PROJECT AND GRANT OF LICENCE
3.1 As at the Commencement Date, the parties must contribute their skill and ......
The legal and beneficial ownership of the Product, Software, and related material must remain vested in ## upon and subject to the terms and conditions hereinafter contained."
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Licence agreement (collaborative) -LIC 1
