PandaTipp: The table of contents allows anyone who verifies this template via PandaDoc to click to move to any section of the collaboration agreement template. Joint efforts can be as easy as agreeing to work together to finish and produce a song or publish a book. It can also be as revolutionary as innovative new technologies that have helped shape a new generation. Industry giants like Apple, Hewlett-Packard and Procter and Gamble are perfect examples of fruitful and long-standing cooperation. This Agreement may only be renewed or amended with the written consent of all parties involved. The decision to amend or renew the Agreement shall include the date of the amendment/extension and the signatures of the designated representative of each Participating Organization, as well as any new terms that have been amended or added to this Agreement. The Parties shall share equally all direct financial burdens, commitments or costs related to this Cooperation Agreement. If external financing or credits are necessary to contribute to the achievement of the above-mentioned objectives, the parties agree to obtain this credit jointly and to assume responsibility for the repayment of these debts. If, beyond the same share, a Party makes additional capital available, that capital shall not grant them additional interest or control over the cooperation. Instead, the capital is considered a loan and is repaid on the proceeds of cooperative efforts. Have you ever seen that you`ve done a group project alone because your group colleagues aren`t responsible enough to take their share of the task? It`s frustrating, isn`t it? When you put yourself in these situations, you really wonder why these other people do not have a sense of accountability. Fortunately, if you are already on the staff, there are possible legal ways to establish a partnership and hold people to account. If you work with other professionals and organizations, you can enter into business cooperation agreements to ensure the liability of both parties.
All remaining parties have the opportunity to enter into a new agreement after the termination of the current agreement. As most people know, Steve Jobs kept Apple Inc in the lead when it was known around the world. But his overall success and fame was an idea of two Steves – Jobs and Wozniak. Jobs was the visionary, and Wozniak was often seen as the shy genius who designed and made Apple`s first computer models that boosted their business. Since then, Apple has updated innovative products that have made it one of the most valuable companies to date. It has become a well-known name. Their collaboration has given birth to a business empire that, almost every year, updates new products. .