Agreements for carrying out research and development activities and marketing activities with other persons
14 Agreements for carrying out research and development activities and marketing activities with other persons
Without limiting the generality of subsection 12(1), an R&D Corporation may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for either or both of the following to be carried out by the Corporation and the person:
research and development activities;
marketing activities as mentioned in paragraph 11(ea) or (eb).
Without limiting the matters that may be included in the agreement, the agreement is to specify:
the objectives of the activities; and
the expected duration of the activities; and
the nature and extent of the contribution to be made by the Corporation towards the activities; and
the basis for the distribution of profits and other benefits derived from the activities.
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