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A development agreement is a document used when an individual or company (''Developer'') is entering into a development project with an individual or company (''Company''), to create a new product. For example, this type of agreement might be used if one technology company agreed to provide development services for another technnology company. Alternatively, a restaurant chain can also use this type of agreement when entering into a business relationship with a franchisee.

The agreement is meant to protect the intellectual property of the parties, and designates certain rights and responsibilities between the parties. A development agreement usually includes information regarding obligations, compensation, and how costs shall be distributed. Stipulations regarding which party will provide materials and said materials will be handled, may also be included. Stipulations regarding which party will provide materials and said materials will be handled, may also be included.

The agreement may include language for ownership of all prototypes, notebooks, reports, and other related items for the development project. Insurance, indemnification clauses, and rights to termination of the agreement are also typically included in a development agreement.

Development Agreements

These Development Agreements are actual legal documents drafted by top law firms for their clients. Use them for competitive intelligence, drafting documents or to get information about transactions within a particular industry or sector. We have millions of legal documents and clauses that you can search for free.

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