Collaboration Agreement Sample

Jobs was a visionary and his influence has long made him the face of the company. His attitude complemented Wozniak`s ingenious but timid attitude. Despite their differences, they were able to produce and market their products. In the first part of the agreement, it is essential to define its main objective. It should also be expressly stressed that all parties concerned have agreed to the cooperation with a clear objective. For the next part, the contract should indicate the terms and responsibilities of each party for the success of the partnership. Ideally, there are sections for each part with a list that contains the main tasks for each part. This list is also used to draw the attention of other parties to the contributions of the other. Since this section contains the list of responsibilities of each party, it also defines its parameters.

Setting limits will allow all parties involved to focus on their share of the work and do their best. Regardless of the personal relationships of the parties to the agreement, the agreement is related to the company. Payment is due in order to make the entire agreement beneficial to all parties. It is important to discuss the compensation plan in depth in order to avoid conflicts during the course or even after the collaboration. The terms of payment should include the total amount of the allowance and its breakdown where possible deductions for tax purposes exist. It should also include the timing of compensation. Standard payment plans require down payments before the start of the project or in the initial preparation phase. The remaining payment is made when the project is already completed.