Home English Cooperation agreements General specifics when drafting or negotiating cooperation agreements in the technology sector.

General specifics when drafting or negotiating cooperation agreements in the technology sector.

In this article you can find some general specifics you should pay attention to when drafting or negotiating collaboration agreements in the technology sector.

The most used pitfalls we saw are mentioned below. If you have any questions concerning this subject or you need more information feel free to contact us at: Frank@kreinn.nl

Differences

First of all the standard collaboration agreement off course does not exist. Every situation is different and has it own specifics. Below you can find some general flaws we saw people did not give enough attention to when drafting or negotiating collaboration agreements in the technology sector.

It is important that you keep in mind what the purpose of the agreement is. How to handle the input of knowledge and specific rights, how to handle this input in case of termination. How will you allocate the profit and risks. What is the timetable of the collaboration and how what exit strategy is there?

Hiring and secondment agreements for IT personal

When hiring or in case of secondment of IT personal it is important to address issues like: the duration, quality, way of and point of time of payment. Nondisclosure issues. Keep in mind what the goal of the agreement is. What purpose is there to protect?

Shareholder agreements

In the shareholder agreement it is important to agree on the term and conditions of share issues. In the startup scene we have seen regular cases that there was a  disagreement between shareholders and management. When the company wants to expand and more investors are needed problems like this regular arise.

Nondisclosure agreements

In the NDA agreement it is important to keep in in mind what the goal of the agreement is, what is the subject of the agreement and what does it aim to protect.