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Technology Development Agreement
"I need a Technology Development Agreement for a mobile banking app development project starting March 2025, where my Nigerian fintech company will engage a local software development firm to create a secure payment application that complies with Central Bank of Nigeria regulations."
1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Detailed definitions of technical and legal terms used throughout the agreement
4. Scope of Development: Detailed description of the technology to be developed and project objectives
5. Development Process: Timeline, methodology, and development phases
6. Deliverables: Specific outputs and acceptance criteria for the technology being developed
7. Project Management: Roles, responsibilities, and communication protocols
8. Intellectual Property Rights: Ownership and licensing of pre-existing and newly developed IP
9. Confidentiality: Protection of confidential information and trade secrets
10. Payment Terms: Fee structure, payment schedule, and related financial terms
11. Warranties and Representations: Technical and legal warranties provided by both parties
12. Term and Termination: Duration of agreement and circumstances for termination
13. Dispute Resolution: Process for resolving disputes under Nigerian law
14. General Provisions: Standard legal clauses including governing law, notices, and assignment
1. Source Code Escrow: Required when source code needs to be held in escrow for security
2. Data Protection: Required when personal data processing is involved, to ensure NDPR compliance
3. Third-Party Components: Needed when the development incorporates third-party software or tools
4. Training and Knowledge Transfer: Include when training of client personnel is part of the scope
5. Maintenance and Support: Required when post-development support is part of the agreement
6. Export Control: Needed for international technology transfer scenarios
7. Security Requirements: Include when specific security standards or certifications are required
8. Change Management: Required for projects with likely scope changes during development
1. Technical Specifications: Detailed technical requirements and specifications for the technology
2. Project Timeline: Detailed development phases, milestones, and delivery dates
3. Acceptance Test Criteria: Specific criteria and procedures for accepting deliverables
4. Fee Schedule: Detailed breakdown of fees, payment milestones, and payment terms
5. Service Level Agreement: Performance metrics and service levels for the development process
6. Personnel Schedule: Key personnel assigned to the project and their roles
7. Third-Party Licenses: List of third-party software licenses and terms
8. Security Requirements: Detailed security specifications and compliance requirements
Authors
Information Technology
Financial Services
Telecommunications
Healthcare
E-commerce
Manufacturing
Education
Government
Oil and Gas
Agriculture
Transportation
Retail
Professional Services
Research and Development
Energy
Legal
Information Technology
Procurement
Research & Development
Project Management
Operations
Compliance
Finance
Risk Management
Business Development
Technical Architecture
Software Development
Quality Assurance
Chief Technology Officer
IT Director
Project Manager
Legal Counsel
Contract Manager
Software Development Manager
Chief Information Officer
Procurement Manager
Technical Lead
Solutions Architect
Business Development Manager
Chief Executive Officer
Chief Operating Officer
Risk Manager
Compliance Officer
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