Joint Development Agreements — From Honeymoon To Breakup

Law360, New York (April 3, 2012, 1:20 PM EDT) -- In the global marketplace, multidisciplinary technological innovations are becoming increasingly common. Many companies, however, lack the organizational structure or resources needed to implement extensive multidisciplinary research and development programs.

Thus, the conventional intracompany research and development model is often being replaced with a collaborative research and development model. These collaborative projects allow companies to pursue mutually desirable goals — typically the development of intellectual property — by leveraging each company’s existing technological expertise.

Although these relationships can be governed under a variety of different agreements, collaborative...
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