Collaboration Agreement

What is a Collaboration Agreement?

A Collaboration Agreement is an agreement between two or more individuals who collaborate or work together to develop a particular project. This Agreement lays down a detailed description about the relationship of the collaborators, their roles and obligations in regard to the development of the project, ownership of the Intellectual Property Rights such as copyright on the developed project or work, authority on decision-making and liquidation of payment/compensation.

When is Collaboration Agreement needed?

A Collaboration Agreement is needed when two or more individuals collaborate or work together upon the development of the same project.

Why is Collaboration Agreement needed?

1. A Collaboration Agreement is needed so that the collaborators decide and think upon their rights and obligations before the commencement of the development of the project and outline the same in writing.

2.  It minimizes the potential for any prospective disputes as all the details in regard to the rights and obligations, ownership of Intellectual Property Rights, authority on decision-making are in writing.

3. A procedure for dispute resolution is decided and written at the very beginning.

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