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Technical Proposal Template

Description

Created by:
[Sender.FirstName][Sender.LastName]
[Sender.Company]

Prepared for:
[Client.FirstName][Client.LastName]
[Client.Company]

About name of company

What is [Product.Name]?

How does po work?

Technical contract template

This Technical Contract (the “Contract”) states the terms and conditions that govern the contractual agreement between [Sender.Company] having its principal place of business at address (the “Company”), and investor name (the “Inventor”) who agrees to be bound by this Contract.

WHEREAS, the Inventor has conceptualized [Product.Name] which is a product description (the “Product”) and the Company has agreed to extent of commitment according to the terms and conditions herein.

NOW, THEREFORE, In consideration of the mutual covenants and promises made by the parties hereto, the Company and the Inventor (individually, each a “Party” and collectively, the “Parties”) covenant and agree as follows:

The product

Technical details of the Product are attached hereto as Exhibit A.

Company duties

The Company agrees to perform all duties described on the page attached hereto as Exhibit B.

Consideration

In consideration for the rights conveyed herein, the Company agrees to pay the Inventor amount to be paid on or before date.

Ownership

The Parties acknowledge and agree that the Company will hold all intellectual property rights in the Product including, but not limited to, copyright and trademark rights. The Inventor agrees not to claim any such ownership in the intellectual property inherent in the Product at any time after the execution of this Contract.

No modification unless in writing

No modification of this Contract shall be valid unless in writing and agreed upon by both Parties.

Applicable law

This Contract and the interpretation of its terms shall be governed by and construed in accordance with the laws of the State of and subject to the exclusive jurisdiction of the federal and state courts located in country, state.

[Sender.Company]


Signature

MM / DD / YYYY

[Sender.FirstName][Sender.LastName]

[Client.Company]


Signature

MM / DD / YYYY

[Client.FirstName][Client.LastName]

Exhibit A

THE PRODUCT

Exhibit A

COMPANY DUTIES

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