Collaboration Agreement Solicitors

In today’s dynamic business landscape, collaboration is often key to innovation and growth. But navigating the legal complexities of forming a successful partnership can be daunting.

We have a team of very experienced commercial lawyers who have drafted and advised on many collaboration agreements. Wellers provides a cost effective yet highly experienced alternative to bigger law firms.

Our approach

  • Practical & Experienced: we focus in on the solution you need, both legal and commercial. needs.
  • Cost-Effective: We understand clients’ budgetary constraints and work efficiently to deliver value.
  • Structuring Expertise: Whether a joint venture, informal partnership, or anything in between, we guide you towards the most advantageous structure.
  • Protection & Advantage: We draft contracts that safeguard your interests and put you in the best position to succeed.

Important considerations with business collaborations

Collaborations can range from fluid, informal collaborations to full-fledged joint ventures. The most common form of collaboration is a Joint Venture whereby a separate legal entity, typically a limited company,  is set up, co-owned by the collaborators.

Key Factors Influencing Structure

  • Overall Objective: What are you aiming to achieve?
  • Organisational Size & Resources: What does each party bring to the table?
  • Financial Contributions: Who invests what and when?
  • Intellectual Property: Protecting and ownership of existing and any created intellectual property.
  • Negotiating Position: what is the bargaining power of each party?

Important considerations for a collaboration agreement

  • Project Objectives: Clearly define goals, deliverables, and expected contributions.
  • Intellectual Property: Ownership, access rights, and non-disclosure clauses.
  • Financial Contributions: Investment commitments, funding schedules, and profit/loss sharing.
  • Decision-Making & Control: Voting rights, dispute resolution mechanisms, and management procedures.
  • Reporting & Project Management: Communication protocols, performance updates, and project oversight.
  • Non-Competition & Non-Solicitation: Clauses preventing actions detrimental to the collaboration.
  • Dispute Resolution: Agreed-upon process for resolving disagreements.
  • Termination & Exit Strategy: Defined grounds for termination and procedures for winding down the collaboration.

Remember: Every collaboration is unique. This guide provides a starting point, but seeking professional legal advice is crucial for tailoring an agreement that protects your interests and sets your partnership up for success.

Contact us today to discuss your specific collaboration needs and get expert guidance on structuring your agreement.