2.1 The parties must be loyal to the other party and seek sound cooperation. The great deal of contractual freedom in the design of cooperation agreements allows the parties to decide for themselves what they wish to include in the agreement. There are a number of essential elements that should actually be included in any cooperation agreement. Firstly, the cooperation agreement should indicate which parties will participate in the agreement and what the purpose of the cooperation is. Secondly, it should define the rights and obligations of each of the parties with regard to cooperation. Of course, the cooperation agreement should include the duration of the cooperation, the grounds for dismissal, the consequences of termination, the management of conflicts and the arrangements for control. The provisions that will be included and those that will not depend on cooperation. In principle, a cooperation agreement can only be terminated if (i) the duration of the contract has expired or (ii) one of the contracting parties fails to comply with its obligations under the Treaty. Whether or not there is no non-performance must be assessed in the light of the circumstances of the case. By noting in advance what constitutes non-compliance by the parties, it is possible to avoid conflicts. A cooperation agreement is a formal business document that sets out the basic terms of your agreement with another person, group or entity. It is also a memorandum of understanding or a cooperation agreement, it is one of the first steps towards a more detailed treaty. This shows that there is an understanding between your two parties, a common desire to work together on an agreed goal.
Their trade cooperation agreement should contain details such as: the names of the parties concerned; the object, objectives and objectives of this Agreement; the date and initial duration of the agreement; the responsibilities of each party; additional guarantees or promises; how many days each party has to solve a problem; are the owners of the intellectual property created by one of the parties; whether both parties may be exempted from obligations for reasons beyond their control; arbitration, assignment and confidentiality clauses; and more. We are here to help you do it step by step.. . .