research and development agreement
- research and development agreement
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An agreement to research and develop a new product or technology. Competitors may enter into research and development agreements to share the cost of developing new products. They are regulated by competition law but are not necessarily prohibited. You must speak to a member of the legal department if you are considering entering into a research and development agreement with a competitor.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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