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Guidelines for Developing a Cooperative R & D Agreement
As a general practice, Cooperative Research and Development Agreements must generally follow the model developed by the Department of Commerce and modified by the VA. Any significant changes should be explained. The transfer Officer can provide a complete copy of this model. The Transfer Officer will also help you develop an agreement that is appropriate for your situation. For planning purposes, you will want to know about the major elements to include:
| Recitals. | General statements about the reasons or benefits to both parties which underly the agreement | |
Articles. |
Article 1. Definitions of terms Article 2. Sponsored research: Description of work, review of work, assignment of responsibility, and change procedures Article 3. Reports: Quarterly and Final Article 4. Financial obligation: Advance payment, deposit account, insufficient and excess funds, accounting records Article 5. Title to Property: Capital equipment Article 6. Patent rights: Reporting, inventions of company employees, inventions of laboratory employees, filing, patent expenses, exclusive license, exclusive license terms, extension of exclusive license |
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