Nebraska Agreement with Sponsor for Research on New Product or Process The Nebraska Agreement with Sponsor for Research on New Product or Process is a legal contract that outlines the terms and conditions between the University of Nebraska and a sponsor for conducting research on new products or processes. This agreement serves as a framework to ensure efficient collaboration between the sponsor and the university while protecting the rights and interests of both parties involved. One type of Nebraska Agreement with Sponsor for Research on New Product or Process is the Standard Sponsored Research Agreement. This agreement is tailored for research projects where the sponsor provides funding to the university for the development of new products or processes. It sets forth the specific scope of research, deliverables, funding obligations, and intellectual property rights. Another type of Nebraska Agreement with Sponsor for Research on New Product or Process is the Cooperative Research and Development Agreement (PRADA). This agreement is signed when there is a collaborative effort between the university and the sponsor to jointly conduct research on a new product or process. It defines each party's contributions, responsibilities, and intellectual property rights in the project, emphasizing the sharing of results and resources. The Nebraska Agreement with Sponsor for Research on New Product or Process typically includes the following key components: 1. Parties Involved: Clearly identifies the University of Nebraska and the sponsor involved in the research project. 2. Project Description and Scope: Provides a detailed description of the research project, outlining the objectives, methodologies, timelines, and expected deliverables. 3. Funding: Specifies the amount of funding provided by the sponsor, payment terms, and any specific financial obligations of each party. 4. Intellectual Property Rights: Establishes the ownership and management of intellectual property resulting from the research project, including copyrights, patents, and trade secrets. It may outline the rights of each party and any provisions for licensing or commercialization. 5. Confidentiality and Publication: Outlines the confidentiality provisions to protect sensitive information shared between the parties. It may also address the rules regarding publications and presentations based on the research findings. 6. Reporting and Progress Updates: Defines the reporting requirements and frequency of progress updates to keep both parties informed about the research project's progress. 7. Termination: Specifies the conditions under which either party can terminate the agreement, along with the consequences or obligations resulting from termination. 8. Governing Law and Dispute Resolution: Identifies the governing law that applies to the agreement and outlines the preferred method for dispute resolution, such as negotiation or arbitration. The Nebraska Agreement with Sponsor for Research on New Product or Process aims to foster a mutually beneficial relationship between the university and the sponsor, promoting innovation, knowledge transfer, and commercialization of research outcomes. It is crucial for both parties to review and negotiate the terms of the agreement carefully to ensure a successful collaboration that aligns with their respective goals and objectives.