Furthermore, it is worth thinking about the agreement as a compass guiding us through the process of cooperation in its entire duration, and particularly when there are doubts or conflicts usa email address list That is why it is a good idea to specify in the agreement how this collaboration will work. It is a trade standard to e.g. work in the Agile methodology, which should not be omitted in the agreement. To wrap up:
Describe the methodology of cooperation
If you talk about how the cooperation will work at the negotiation stage, you will avoid mismatching mutual expectations. In the agreement, include the tools you will use, rules of communication, and procedure for arranging meetings.
Force majeure
In consideration of the unfolding pandemic situation – but also for unexpected economic or political events, too – remember to include the force majeure clause in the agreement. In case you are affected by any adverse effects of any events outside your control, this clause will allow you to mitigate the adverse effects under the agreement. Force majeure clause usually is mutually binding – as many of typical provisions of such agreements.
Exit plan
It is beneficial for both parties to draw up an exit plan in case the cooperation ends before the planned duration. It is also worth including information about the hand-over of the existing code, payment due dates, and contractual penalties – if any – for unauthorized termination of cooperation, if the parties so decide.
Consider other crucial clauses
Read about them here.