Michigan Co-Development Agreement

State:
Multi-State
Control #:
US-TC0511
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

This co-development agreement is for use by two companies who are looking to enter a relationship to develope a common technology that can be used by both companies. The agreement covers the purpose of the agreement in more exacting terms, as well as the mutual covenants to the agreement.


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FAQ

A Planned Development Area (PDA) is an overlay zoning district that establishes special zoning controls for large or complex projects. The Zoning Commission may approve a request to establish a PDA where a development that is well-suited to its location cannot be accommodated by the general zoning for the area.

A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.

Development agreements are contracts negotiated between project proponents and public agencies that govern the land uses that may be allowed in a particular project.

A development agreement shall specify the duration of the agreement, the permitted uses of the property, the density or intensity of use, the maximum height and size of proposed buildings, and provisions for reservation or dedication of land for public purposes.

A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.

Co-development agreements establish which company owns which aspect of the intellectual property in question. With ownership comes responsibility for patent prosecution and mounting defenses against allegations of IP infringement.

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Michigan Co-Development Agreement