Agreements for carrying out grape or wine research and development activities with other persons
10B Agreements for carrying out grape or wine research and development activities with other persons
The Authority may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for grape or wine research and development activities to be carried out by the Authority and the person.
The agreement must specify:
the objectives of the grape or wine research and development activities; and
the expected duration of the grape or wine research and development activities; and
the nature and extent of the contribution to be made by the Authority towards the grape or wine research and development activities; and
the basis for the distribution of profits and other benefits derived from the grape or wine research and development activities.
Subsection (2) does not limit the matters that may be included in the agreement.
This section does not limit section 8.
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