Collaboration Agreement (or Contractual Joint Venture or Unincorporated Joint Venture, Ccollaborative Agreement or Co-operation agreement) is an agreement between two parties who wish to work together on a commercial project on a collaborative or co-operative basis.
The Agreement sets out the scope of each Project that is the subject of the collaboration and the contributions, in terms of manpower, financial support, etc, that each party will make towards each Project.
The parties will not be setting up a separate corporate vehicle to carry out any part of a Project and nor do the parties intend to operate as a partnership.