The « focus » of cooperation is the overall objective of cooperation. This is not the same as the real project on which the parties are working together. The overall objective of cooperation may be, for example, to combine the know-how of software development and design. The real project could be the development of a particular software. Procter and Gamble is a multinational company that manufactures Homecare brands such as detergents, oral care products and other personal care products. This global company is one of the most successful commercial cooperations in history has been fueled by chance and family relationships. William Procter, an Englishman, and an Irishman James Gamble emigrated to the United States at random. And it was family relationships that brought them together because they were married to sisters. Their stepfather was the one who introduced the idea that they should work together when he noticed that William and James were fighting for raw materials to impress their wives. Both agreed and signed an agreement to make the partnership official and legal. The parties share in the same way the financial burdens, commitments or direct costs associated with this cooperation agreement. If external funds or appropriations are required to support the achievement of the above objectives, the parties agree to jointly raise these funds and participate in the responsibility for the repayment of these debts.
When a party provides additional capital beyond its share, that capital does not give it additional interest or control over cooperation. Instead, the capital is considered a loan and is repaid on the proceeds of cooperative efforts. [PartyA.Company] (Part A) and [PartyB.Company] (Part B), collectively known as « parties, » wish to establish a mutually beneficial business relationship. This cooperation agreement must serve as a legally binding contract governing the terms of this relationship. All parties withdrawing from this agreement terminate the agreement in its entirety, including those reached among other participating members. In this agreement, the parties describe cooperation, including its title, where there is a purpose and description. They will also outline their personal obligations for cooperation and determine how profits and expenses will be distributed (whether they have been received or generated). It is important that the parties can also choose who owns a new intellectual property resulting from cooperation.
The project schedule is a separate agreement within the framework of the cooperation agreement, so that the parties can agree on specific projects or tasks. The project plan usually contains a description of a particular project, potential contributions and royalties (i.e. project royalties that one party must pay to the other). the « centre of gravity » of cooperation (i.e. the general objective of cooperation) All remaining parties have the opportunity to enter into a new agreement by terminating the current agreement. All intellectual property rights created or developed by a party on the basis of a project governed by a cooperation agreement belong to that party. For the duration of the project concerned under the cooperation agreement, each party grants the other party a licence to operate intellectual property rights. This will enable them to meet their respective obligations with respect to the project. Have you ever seen a group project done alone because your groupmates are not responsible enough to play their part in this task? It`s frustrating, isn`t it? Being in these situations really makes you wonder why these other people don`t feel they`re accountable.
Fortunately, if you are already on the staff, there are legal ways to partner and demand accountability.