The Cooperation Agreement

In principle, a cooperation agreement can only be terminated if (i) the duration of the contract has expired or (ii) one of the contracting parties fails to comply with its obligations under the Treaty. Whether or not there is no non-performance must be assessed in the light of the circumstances of the case. By noting in advance what constitutes non-compliance by the parties, it is possible to avoid conflicts. 1.4 This is voluntary cooperation between the parties as a sole proprietorship and not as a joint venture, joint venture or other legal person, and each party remains responsible for its own activities and may not bind or bind the other party in the absence of another agreement. 3.1 With regard to cooperation, the parties have agreed that each payment structure will be described. It is important to include in the cooperation agreement the reasons why the cooperation may end. At the beginning of the cooperation agreement, this is obviously not the first thing that comes to mind, but it can of course happen to come into conflict with the other party or the other party does not comply with the obligations arising from the cooperation agreement. In such a case, it is convenient for you to terminate the contract. A cooperation agreement is a formal business document that sets out the basic terms of your agreement with another person, group or entity. It is also a memorandum of understanding or a cooperation agreement, it is one of the first steps towards a more detailed treaty. This shows that there is an understanding between your two parties, a common desire to work together on an agreed goal. Their trade cooperation agreement should contain details such as: the names of the parties concerned; the object, objectives and objectives of this Agreement; the date and initial duration of the agreement; the responsibilities of each party; additional guarantees or promises; how many days each party has to solve a problem; are the owners of the intellectual property created by one of the parties; whether both parties may be exempted from obligations for reasons beyond their control; arbitration, assignment and confidentiality clauses; and more….