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Revenue Sharing Joint Development Agreement Template for England and Wales

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Key Requirements PROMPT example:

Revenue Sharing Joint Development Agreement

"I need a Revenue Sharing Joint Development Agreement for a collaborative software development project between my AI startup and a large tech company, where we'll be developing a machine learning platform together and sharing the revenue 60-40, with planned development completion by March 2025."

Document background
A Revenue Sharing Joint Development Agreement is essential when parties wish to collaborate on development projects while sharing both risks and rewards. This agreement type is particularly relevant in scenarios where traditional licensing or straightforward service agreements are insufficient due to the collaborative nature of the development work. Under English and Welsh law, this agreement provides comprehensive coverage of development responsibilities, IP rights, revenue sharing mechanisms, and risk allocation. It's commonly used in technology development, research collaborations, and product innovation projects where parties contribute different expertise or resources and expect to share in the commercial success of the outcome.
Suggested Sections

1. Parties: Identification and details of all contracting parties

2. Background: Context of the agreement and general objectives

3. Definitions: Key terms used throughout the agreement including technical, financial, and legal definitions

4. Project Scope: Detailed description of the development project and deliverables

5. Development Responsibilities: Specific obligations of each party in the development process

6. Revenue Sharing Structure: Detailed mechanisms for sharing revenue, including calculation methods and payment terms

7. Intellectual Property Rights: Ownership and licensing of existing and newly created IP

8. Confidentiality: Protection of confidential information and trade secrets

9. Term and Termination: Duration of agreement and circumstances for termination

10. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction

Optional Sections

1. Change Control: Procedures for managing changes to project scope - used for complex development projects with likely scope changes

2. Marketing and Promotion: Rights and obligations regarding marketing of developed products - used when parties will jointly market the developed product

3. Quality Control: Quality standards and testing procedures - used for products requiring specific quality standards

4. Export Control: Compliance with export regulations - used when development involves international distribution

5. Data Protection: Compliance with data protection laws - used when personal data will be processed

Suggested Schedules

1. Schedule 1 - Development Milestones: Detailed timeline and deliverables for the development process

2. Schedule 2 - Revenue Calculations: Detailed formulas and examples of revenue sharing calculations

3. Schedule 3 - Technical Specifications: Detailed technical requirements and specifications

4. Schedule 4 - Background IP: List of pre-existing IP brought to the project by each party

5. Schedule 5 - Key Personnel: List of key team members and their roles

6. Schedule 6 - Service Levels: Performance metrics and service level requirements

7. Schedule 7 - Form of Reports: Templates for required project and financial reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing corporate operations, including corporate capacity, authority, directors' duties, and company registration requirements

Partnership Act 1890: Fundamental legislation regarding partnership principles, profit sharing, and mutual obligations between parties

Common Law of Contract: Body of case law establishing fundamental contract principles including formation, consideration, and breach

Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts and limiting the extent to which liability can be excluded

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract

Patents Act 1977: Primary legislation governing patent rights and protection in the UK

Copyright, Designs and Patents Act 1988: Comprehensive legislation protecting intellectual property rights including copyright and design rights

Trade Marks Act 1994: Legislation governing trademark protection and registration

Trade Secrets (Enforcement) Regulations 2018: Regulations protecting confidential business information and trade secrets

Competition Act 1998: Primary legislation governing competition law and anti-competitive practices

Enterprise Act 2002: Legislation addressing market regulation and competition law enforcement

UK GDPR: Post-Brexit data protection regulation implementing GDPR principles in UK law

Data Protection Act 2018: UK's implementation of data protection standards and requirements

Income Tax Act 2007: Legislation governing income tax obligations and calculations

Corporation Tax Act 2010: Primary legislation governing corporate taxation

Value Added Tax Act 1994: Legislation governing VAT obligations and procedures

Employment Rights Act 1996: Core employment legislation protecting workers' rights and obligations

Transfer of Undertakings (Protection of Employment) Regulations 2006: Regulations protecting employees' rights during business transfers

Arbitration Act 1996: Framework for arbitration proceedings and enforcement of arbitral awards

Civil Procedure Rules: Rules governing civil litigation in England and Wales, including court procedures and requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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