Collaboration Agreement

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Select the date the parties will be entering into this contract. This is the date the agreement will take effect.

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COLLABORATION AGREEMENT


This Collaboration Agreement hereinafter referred to as ("the Agreement") is entered and made effective this ________ (the "Effective Date")

BETWEEN

________, an individual of the following address:

________

AND

________, an individual of the following address:

________

(each party shall be referred to as the "Party" and collectively be referred to as the "Parties").


WHEREAS

The Collaborators desire to work together on the Project described in this Agreement, and they wish to create this Agreement to establish a framework containing terms of their transaction.

IN CONSIDERATION of the mutual covenants, promises and valuable consideration (the receipt of which is hereby acknowledged) the Parties hereby agree as follows:


1. THE COLLABORATION

Subject to the terms and conditions of this Agreement, the Parties have agreed to enter into a Collaboration to work on the following (the "Project")

________


2. DUTIES AND OBLIGATIONS OF THE PARTIES

For the effective organization of this Collaboration, the Parties shall have the following obligations:

a. ________:

________

b. ________:

________


3. CAPITAL CONTRIBUTION

Each Party shall make the following contribution:

a. ________: ₦________ (________)

b. ________: ₦________ (________)

All capital contributions shall be deposited fully on or before ________.

In addition to the above, the Parties may be called to make additional capital contribution in form of money, property or services as may be agreed by the Parties from time to time.


4. PROFIT DISTRIBUTION

The net profit generated from this Collaboration shall be distributed to Parties in equal shares.

The profit and losses will be distributed every month.


5. INTELLECTUAL PROPERTY

Each Party agrees that any intellectual property including but not limited to plans, drawings, reports, programmes, designs methodologies, and other intellectual property, developed, made, or discovered by the Party before or during the formation of the Collaboration, and during the course of performing the Party's duties, shall be remain the property of that Party.

The Parties agree that all proprietary rights, title, and interest in any intellectual property, including copyrights, patents, trademarks, and other intellectual property developed during this Agreement shall be jointly owned by all the Parties to this Agreement.


6. NON-COMPETITION AND NON-SOLICITATION

The Parties agree not to directly or indirectly engage in any business which is in competition with this Collaboration. This prohibition includes but not limited to engaging in the competitive business as an owner, partner, or agent; working directly or indirectly or providing business to any party engaged in a similar business.

This covenant shall apply to all the Parties for the duration of the Collaboration.


7. EXCLUSIVITY PROVISIONS

No Party shall at any period, during the period of this Joint Venture, engage or conduct any related business transaction with any other party other than the other Party to this Agreement.


8. 888258585582558 88252855885

5585 25522 582228825228 2552 2522 252 5582 588288 22 222-258888 822285222858 52225252822 525 252 5882 2288288 55552 528522 52225252822 522555822 252 85882288 222552822 22 2588 8288582552822. 552 2552828 52522 2552 8585 82225252822 88 85855882 525 52522 22 25822582 252 828522 252552 22 252 82225252822. 552 2552828 5882 58222882522 2552 522225822 22 252 885852825282, 2522 252 828222 252 8888828822 25522 25 828288822 25522. 52 8585 22528, 2588 822285222858 2528888228 85588 82 8825822 22 252 828288822 25522 525 22225825882 82 252 8888828822 25522.

822285222858 52225252822 82885528 588 82225252822 25 252258588 22 85522825 252552 52852822 22 252 2552282 588882825 82 252 2552828 82 8555822 522 8582222 25225858 25 522 2558 25 8582222 825222222 8552822825 85885 82885528 852 222 8828225 22 528522228, 2285288528, 255828828, 22288, 82288288528228, 8282228228, 2522228, 255522552, 8222 85528, 55588228, 2522552228 852 85588 222 8288552 252 228828822 82225252822 25 5525:

(5) 85885 852 82 28258888525 82 8582222 5282558 22 82 5852552 22282 22 252 828288822 25522 25 252 258888 52 252 2822 22 252 5888828552;

(55) 85885 222258 252 258888 522582 2552525 22 25582 22 252 828288822 25522;

(555) 88 28822 82 252 8888828822 25522 22 25855 2552828 8825252 522 528258828228;

(55) 88 28822 22 252 828288822 25522 82 522 25855 25522 852 88 82 2288288822 22 8585 82225252822 525 558 252 82258 58252 22 58888282 82; 25

(5) 2552 88 52858525 82 858 22 82 588882825.

55552 528522 52225252822 82885528 588 22525858, 2522252, 5288228, 2528288, 2225258 25 22525 82225252822 2552 88 222 22282 25 258882 5882525825882 22 252 2222558 258888. 552 2552828 525282 52522 58 2288288:

(5) 22 2522 252225 525 5258225882 22585528 22 228552 252 822285222858822 22 252 25225822552 82225252822 52525 2588 825222222;

(55) 222 22 2522 258888 25 58888282 82 85282 25 2552, 522 82225252822 52852822 22 252 25582882, 85882288 52588228 25 22525 2522258 52852822 22 2588 82822 5222552;

(555) 222 22 582 252 822285222858 52225252822 225 522 2552282 22525 2552 252 2552282 225 85885 2588 825222222 858 2552;

(55) 222 22 58888282 252 55552 528522 52225252822 25 822285222858 52225252822 555822 525 52225 252 22528252822 22 2588 825222222 225 58 8222 58 82 5225828 5 25552 828522.


9. ARBITRATION

The Parties agree to use their best endeavours to negotiate and settle any dispute or difference of opinion between them, arising from or connected with this Agreement amicably.

Any dispute, which cannot be mutually resolved by the parties, shall be referred to arbitration in accordance with the provisions of the following arbitration rules: Arbitration and Conciliation Act, 2004 or any statutory re-enactment or modification thereof.

The tribunal shall consist of ________ arbitrators who shall be elected by the the parties.

The appointment shall be made within the following period from the date the Parties agree to pursue arbitration: ________ (the "Time Frame"). If the appointment is not done within the Time Frame, the following applies:

________

The arbitration proceedings shall be held in: ________ and conducted in English language.

Each Party shall bear their own cost and expenses in relation to the arbitration proceedings except where an award has been made by the arbitrators for cost to be borne by a particular Party.

The decision of the arbitrators shall be final and binding on all the Parties and shall be enforced by any competent court.


10. ASSIGNMENT

This Agreement shall be binding on successors of the Parties. The rights granted under this Agreement shall not be transferred, sold, assigned, sub-leased to any party without the consent of the other Party.


11. WAIVER

Any term or provision of this Agreement may be waived in writing at any time by the Party entitled to such benefit. No delay, omission, or failure to exercise or enforce any right shall be construed as a waiver or subsequently compel the strict compliance of the provision of this Agreement.


12. VARIATION

This Agreement may be amended or varied by either of the Parties and such variation must be agreed and signed by both Parties to this Agreement.


13. SEVERABILITY

If any part of this Agreement is held enforceable, the remainder of this Agreement shall continue to be in force and have effect.


14. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and shall supersede any prior written or oral agreement made between the Parties.


15. CUMULATIVE RIGHTS

The rights of the Parties in this Agreement are cumulative and shall not be construed as exclusive except as otherwise stated by the law.


16. FURTHER ASSURANCE

The Parties shall execute and deliver all such documents and take all such actions and all steps to procure the performance of all such acts as may be necessary or incidental to give effect to the provisions of this Agreement.


17. COUNTERPARTS

This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.


IN WITNESS WHEREOF the Parties hereto have executed this Agreement this day and year first written above.


SIGNED by the within named ________





___________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................


SIGNED by the within named ________





___________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................

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COLLABORATION AGREEMENT


This Collaboration Agreement hereinafter referred to as ("the Agreement") is entered and made effective this ________ (the "Effective Date")

BETWEEN

________, an individual of the following address:

________

AND

________, an individual of the following address:

________

(each party shall be referred to as the "Party" and collectively be referred to as the "Parties").


WHEREAS

The Collaborators desire to work together on the Project described in this Agreement, and they wish to create this Agreement to establish a framework containing terms of their transaction.

IN CONSIDERATION of the mutual covenants, promises and valuable consideration (the receipt of which is hereby acknowledged) the Parties hereby agree as follows:


1. THE COLLABORATION

Subject to the terms and conditions of this Agreement, the Parties have agreed to enter into a Collaboration to work on the following (the "Project")

________


2. DUTIES AND OBLIGATIONS OF THE PARTIES

For the effective organization of this Collaboration, the Parties shall have the following obligations:

a. ________:

________

b. ________:

________


3. CAPITAL CONTRIBUTION

Each Party shall make the following contribution:

a. ________: ₦________ (________)

b. ________: ₦________ (________)

All capital contributions shall be deposited fully on or before ________.

In addition to the above, the Parties may be called to make additional capital contribution in form of money, property or services as may be agreed by the Parties from time to time.


4. PROFIT DISTRIBUTION

The net profit generated from this Collaboration shall be distributed to Parties in equal shares.

The profit and losses will be distributed every month.


5. INTELLECTUAL PROPERTY

Each Party agrees that any intellectual property including but not limited to plans, drawings, reports, programmes, designs methodologies, and other intellectual property, developed, made, or discovered by the Party before or during the formation of the Collaboration, and during the course of performing the Party's duties, shall be remain the property of that Party.

The Parties agree that all proprietary rights, title, and interest in any intellectual property, including copyrights, patents, trademarks, and other intellectual property developed during this Agreement shall be jointly owned by all the Parties to this Agreement.


6. NON-COMPETITION AND NON-SOLICITATION

The Parties agree not to directly or indirectly engage in any business which is in competition with this Collaboration. This prohibition includes but not limited to engaging in the competitive business as an owner, partner, or agent; working directly or indirectly or providing business to any party engaged in a similar business.

This covenant shall apply to all the Parties for the duration of the Collaboration.


7. EXCLUSIVITY PROVISIONS

No Party shall at any period, during the period of this Joint Venture, engage or conduct any related business transaction with any other party other than the other Party to this Agreement.


8. 888258585582558 88252855885

5585 25522 582228825228 2552 2522 252 5582 588288 22 222-258888 822285222858 52225252822 525 252 5882 2288288 55552 528522 52225252822 522555822 252 85882288 222552822 22 2588 8288582552822. 552 2552828 52522 2552 8585 82225252822 88 85855882 525 52522 22 25822582 252 828522 252552 22 252 82225252822. 552 2552828 5882 58222882522 2552 522225822 22 252 885852825282, 2522 252 828222 252 8888828822 25522 25 828288822 25522. 52 8585 22528, 2588 822285222858 2528888228 85588 82 8825822 22 252 828288822 25522 525 22225825882 82 252 8888828822 25522.

822285222858 52225252822 82885528 588 82225252822 25 252258588 22 85522825 252552 52852822 22 252 2552282 588882825 82 252 2552828 82 8555822 522 8582222 25225858 25 522 2558 25 8582222 825222222 8552822825 85885 82885528 852 222 8828225 22 528522228, 2285288528, 255828828, 22288, 82288288528228, 8282228228, 2522228, 255522552, 8222 85528, 55588228, 2522552228 852 85588 222 8288552 252 228828822 82225252822 25 5525:

(5) 85885 852 82 28258888525 82 8582222 5282558 22 82 5852552 22282 22 252 828288822 25522 25 252 258888 52 252 2822 22 252 5888828552;

(55) 85885 222258 252 258888 522582 2552525 22 25582 22 252 828288822 25522;

(555) 88 28822 82 252 8888828822 25522 22 25855 2552828 8825252 522 528258828228;

(55) 88 28822 22 252 828288822 25522 82 522 25855 25522 852 88 82 2288288822 22 8585 82225252822 525 558 252 82258 58252 22 58888282 82; 25

(5) 2552 88 52858525 82 858 22 82 588882825.

55552 528522 52225252822 82885528 588 22525858, 2522252, 5288228, 2528288, 2225258 25 22525 82225252822 2552 88 222 22282 25 258882 5882525825882 22 252 2222558 258888. 552 2552828 525282 52522 58 2288288:

(5) 22 2522 252225 525 5258225882 22585528 22 228552 252 822285222858822 22 252 25225822552 82225252822 52525 2588 825222222;

(55) 222 22 2522 258888 25 58888282 82 85282 25 2552, 522 82225252822 52852822 22 252 25582882, 85882288 52588228 25 22525 2522258 52852822 22 2588 82822 5222552;

(555) 222 22 582 252 822285222858 52225252822 225 522 2552282 22525 2552 252 2552282 225 85885 2588 825222222 858 2552;

(55) 222 22 58888282 252 55552 528522 52225252822 25 822285222858 52225252822 555822 525 52225 252 22528252822 22 2588 825222222 225 58 8222 58 82 5225828 5 25552 828522.


9. ARBITRATION

The Parties agree to use their best endeavours to negotiate and settle any dispute or difference of opinion between them, arising from or connected with this Agreement amicably.

Any dispute, which cannot be mutually resolved by the parties, shall be referred to arbitration in accordance with the provisions of the following arbitration rules: Arbitration and Conciliation Act, 2004 or any statutory re-enactment or modification thereof.

The tribunal shall consist of ________ arbitrators who shall be elected by the the parties.

The appointment shall be made within the following period from the date the Parties agree to pursue arbitration: ________ (the "Time Frame"). If the appointment is not done within the Time Frame, the following applies:

________

The arbitration proceedings shall be held in: ________ and conducted in English language.

Each Party shall bear their own cost and expenses in relation to the arbitration proceedings except where an award has been made by the arbitrators for cost to be borne by a particular Party.

The decision of the arbitrators shall be final and binding on all the Parties and shall be enforced by any competent court.


10. ASSIGNMENT

This Agreement shall be binding on successors of the Parties. The rights granted under this Agreement shall not be transferred, sold, assigned, sub-leased to any party without the consent of the other Party.


11. WAIVER

Any term or provision of this Agreement may be waived in writing at any time by the Party entitled to such benefit. No delay, omission, or failure to exercise or enforce any right shall be construed as a waiver or subsequently compel the strict compliance of the provision of this Agreement.


12. VARIATION

This Agreement may be amended or varied by either of the Parties and such variation must be agreed and signed by both Parties to this Agreement.


13. SEVERABILITY

If any part of this Agreement is held enforceable, the remainder of this Agreement shall continue to be in force and have effect.


14. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and shall supersede any prior written or oral agreement made between the Parties.


15. CUMULATIVE RIGHTS

The rights of the Parties in this Agreement are cumulative and shall not be construed as exclusive except as otherwise stated by the law.


16. FURTHER ASSURANCE

The Parties shall execute and deliver all such documents and take all such actions and all steps to procure the performance of all such acts as may be necessary or incidental to give effect to the provisions of this Agreement.


17. COUNTERPARTS

This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.


IN WITNESS WHEREOF the Parties hereto have executed this Agreement this day and year first written above.


SIGNED by the within named ________





___________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................


SIGNED by the within named ________





___________________

in the presence of:

Name................................................................................................................

Address.............................................................................................................

Occupation........................................................................................................


Signature..........................................................................................................