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A Collaboration Agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project. A Collaboration Agreement is much more limited than something like a Joint Venture Agreement or a Partnership Agreement. In a joint venture, the parties may be working on something slightly more comprehensive - including new total business ventures or new services. In a partnership, the parties are deciding to work together indefinitely. A Collaboration Agreement, by contrast, is just for one small project, and it's usually a project related to advertising or cross-promotion.
In a Collaboration Agreement, the most important provisions have to do with the parties' duties and obligations and what is expected of each of them for the project.
This Collaboration Agreement is a relatively simple document that will help two or more parties describe their upcoming project.
How to use this document
This document should be used when two or more parties, whether those parties are individuals and/or businesses, are looking to work on one discrete project together. The collaboration can be for any lawful purpose, but these types of documents are used most often in the context of advertising, especially online for social media. This agreement will include everything the parties need.
In this Agreement, the parties will describe the collaboration, including its title if there is one, purpose and description. They will also outline their personal obligations with respect to the collaboration, and decide on how profits and expenses should be shared (if any are received or incurred). Importantly, the parties can also choose who owns any new intellectual property coming out of the collaboration.
When this document is completely filled out, it should be signed by all parties and each party should keep a copy.
Collaboration Agreements are not subject to any specific law but will generally be governed by the law of the state selected.
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