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What is a Joint Development agreement?

 

The difference between an ordinary development project and a Joint Development Project are as follows :
In a customer-specific development project Micro Technic implements on the basis of design specifications, as advised by the customer, a product very specific to the customer. Therefore development costs are paid in full by the customer in accordance with quotation fom Micro Technic.


In a Joint Development Project, the project is devided into 3 parts:
The first part is the specific part of the customer's specification, where all cost are paid by the customer.
The second part is the common design where costs are divided by the customer and Micro Technic
The last part is the specific part of the Micro Technics specification that the customer does not pay for, and therefore do not have any IP rights to.

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