Document background
The Co-Development Agreement serves as a crucial legal framework for parties seeking to collaborate on development projects in Austria. It is particularly useful when organizations wish to combine their expertise, resources, and intellectual property to create new products, technologies, or services. The document addresses key aspects required under Austrian law, including detailed provisions for intellectual property rights, confidentiality protections, and project governance structures. This agreement type is essential for establishing clear boundaries, responsibilities, and rights in collaborative development projects, while ensuring compliance with Austrian civil code (ABGB), commercial law (UGB), and relevant IP legislation. It's commonly used in technology, research, and innovation-focused sectors where joint development activities are frequent.
