[Consultation] Review of Legal Terms in Joint Development Agreement “Veat”

A, an AI software development company, develops AI software, and B manufactures hardware to produce the final result. The two companies drafted a joint development agreement. A requested a comprehensive review of all clauses concerning the final development result, and entrusted the review to Veat Law Firm.

In response, Veat Law Firm conducted a full legal review of the joint development agreement, at A’s request. Specifically, Veat Law Firm conducted legal review to ensure that A’s patent rights for each hardware and software, and the patent rights for the final result, did not disadvantage A.

Veat Law Firm is a specialized IT law firm comprised of IT-focused lawyers selected by the Korean Bar Association and engineers from technical backgrounds, providing professional legal advice based on a fundamental understanding of IT software. Please contact us anytime if you need legal advice regarding the joint development agreement.

Thank you.
Veat Law Firm