The collaboration agreement is a binding contract made between two parties, one of whom is the “Organization” or the company that needs to collaborate for business purposes or technical reasons while the other is the “Collaborator” or the company that is being collaborated with to provide the “Organization” with the solution they require.
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This agreement is made between the “Organization” and “Collaborator” on the effective date of 16th November, 2011.
Organization represented by
Mr. Sam Atherton
Address: 3403 West Circle Drive-57, Columbia City IN 46725
Contact number: (260) 244-2929
Collaborator represented by:
Mr. David Fishnell
Address: 265 3rd Avenue, Davenport ND 58021
Contact number: (701) 271-8255
Terms and Conditions:
As per the “Collaboration Agreement”, the collaborator henceforth known as “Genesis” will conduct research and development and related activities keeping in focus the primary goal – Developing Content Management Software products. Such R&D should always be consistent and in accordance with various licenses mentioned in this Collaboration Agreement.
The collaborating company “Simcorp” will be responsible for creating, preparation, analysis, and submission of the proposed “Development Plan” for the Content Management Software Program to “Genesis” for approval.
“Simcorp” will also be responsible for managing this collaboration with “Genesis” and overseeing the development and smooth running of Content Management Software program.
“Simcorp” is the final decision making authority related to creation, integration, and R&D of the program except for decisions that are related to the manufacturing and commercialization aspect of the product discussed in this Collaboration Agreement.
“Simcorp” will be responsible for making the final decision with respect to all types of promotional and marketing activities related to the Content Management Software Product.
The Collaboration Agreement including various schedules and exhibits can be amended partially or fully only by “Simcorp”.
IN WITNESS WHEREOF, the parties “Organization” and “Collaborator” have executed this Collaboration Agreement as on the date set forth which is 11/16/2011 (MM/DD/YY).