Industrial research project

Here’s a possible outline for a template or sample contract for an industrial research project:

[Company Name and Address] [Research Partner Name and Address]

1. Purpose This Industrial Research Contract (the “Contract”) sets forth the terms and conditions under which [Company Name] (“Company”) will engage [Research Partner Name] (“Research Partner”) to conduct industrial research activities (“Research Project”) in accordance with the scope of work outlined in Exhibit A attached hereto and incorporated by reference.
2. Term The term of this Contract shall commence on [start date] and shall continue until the completion of the Research Project, unless earlier terminated in accordance with this Contract.
3. Scope of Work The scope of work for the Research Project shall be as described in Exhibit A. Research Partner shall use its best efforts to conduct the Research Project in a diligent, professional, and workmanlike manner.
4. Compensation The Company shall pay Research Partner [insert payment terms, such as hourly or fixed fee] for the Research Project. Payments shall be made in accordance with the payment schedule set forth in Exhibit B. Research Partner shall submit invoices to the Company on a monthly basis for work performed during the preceding month.
5. Intellectual Property Any intellectual property rights that arise from the Research Project shall be owned by [insert ownership provisions, such as joint ownership or ownership by the Company]. The parties shall negotiate in good faith the terms and conditions of any license or transfer of intellectual property rights arising from the Research Project.
6. Confidentiality The parties agree to maintain the confidentiality of any confidential information disclosed by one party to the other in connection with the Research Project. The parties shall use such confidential information only for the purpose of performing their obligations under this Contract and shall take all reasonable measures to protect the confidentiality of such information.
7. Termination Either party may terminate this Contract upon [insert termination provisions, such as notice and cause], or for convenience upon [insert notice period]. Upon termination, the parties shall comply with their respective obligations under this Contract.
8. Warranties Research Partner warrants that it has the necessary qualifications, expertise, and resources to perform the Research Project in accordance with the scope of work. Company warrants that it will provide Research Partner with access to any information, data, or materials necessary for Research Partner to perform the Research Project.
9. Limitation of Liability Neither party shall be liable to the other for any indirect, special, incidental, consequential, or punitive damages arising from or related to this Contract, including but not limited to lost profits, even if the party has been advised of the possibility of such damages.
10. Governing Law and Dispute Resolution This Contract shall be governed by and construed in accordance with the laws of [insert governing jurisdiction]. Any disputes arising from or related to this Contract shall be resolved through mediation or arbitration in accordance with the rules of [insert governing mediation or arbitration organization], and the decision of the mediator or arbitrator shall be final and binding on both parties.

[Signatures]

Please note that this is just a general outline and not a substitute for legal advice. It’s important to consult with a qualified attorney to ensure that your specific needs and requirements are addressed in the contract.