[Legal Review] Regarding Agreement for Joint Research and Development
Article posted in 2021-02-26 10:05:38 | VEAT
Law firm Veat conducted legal review of the English joint research and development agreement documents.
A사는, a medical and pharmaceutical research and development specialized biotech venture company, requested Law firm Veat to conduct a legal review of the necessary English joint research and development agreements during the process of establishing a partnership agreement with a partner company.
Accordingly, Law firm Veat thoroughly identified key issues in the joint research and development agreement and modified ▲development product profit distribution ratio between joint research and development agreement parties, ▲cost burden ratio between joint research and development agreement parties, ▲joint patent filing regulations, ▲unilateral termination rights clause that were disadvantageous to A사.
In this joint research and development agreement, there were many clauses that were disadvantageous to A사, and because ▲legal English expertise is needed when drafting and reviewing English contracts, expert legal advice was required.
Law firm Veat provides professional legal advice based on its extensive experience in reviewing and drafting joint research and development agreements and English contracts. Please contact Law firm Veat if you need assistance with this matter.
Thank you.