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A Teaming Agreement is a contract between two or more parties to jointly tender for work to complete a service or other project together.
A Teaming Agreement allows two businesses or entities to pool their resources for a specific project without the need to form a separate legal entity.
By having a well-drafted Teaming Agreement, you can prevent disputes further down the line.
What Is Included In A Teaming Agreement?
Teaming Agreements typically cover the following aspects:
- Parties’ rights and responsibilities
- Allocation of work
- Payment distribution
- Termination provisions
- Dispute resolution mechanisms
- Intellectual property rights
- Confidentiality agreements
Need Legal Assistance?
Our expertise lies in crafting comprehensive contracts, and we have extensive experience assisting businesses with Teaming Agreements in New Zealand. For a complimentary, no-obligation discussion about your particular needs, reach out to us at [email protected] or call us on 0800 002 184.
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