A Teaming Agreement is a contract between two or more entities to jointly tender for work to complete a service or other project together.
A Teaming Agreement allows two businesses or parties to join their resources together for a specific project without having to establish another entity.
By having a well-drafted Teaming Agreement, you can avoid disputes further down the track.
What Is Included In A Teaming Agreement?
Teaming Agreements typically address the following issues:
- Parties’ rights
- Parties’ obligations
- How payment will be shared
- Termination clauses
- Dispute resolution clauses
- Intellectual property ownership
We specialise in drafting high quality contracts, and have assisted many businesses with Teaming Agreements. Don’t hesitate to contact us at email@example.com or on 1800 730 617 for a free, no-obligations chat about your specific situation.
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