This week’s oldie is both golden and evergreen. Managing the negotiation of multi-party agreements involves an extra layer of professional activity, compared with negotiating two-party agreements.
IP Draughts was recently instructed to assist a university client with the drafting and negotiation of a research collaboration agreement between 33 parties. He offers the following suggestions for managing a process of this kind, based on this and earlier experiences. The suggestions assume that you or your client are responsible for leading and managing the negotiations.
These suggestions could be relevant to many kinds of multi-party agreement. It so happens that, in the present case, the research is funded by the European Commission under the Horizon 2020 funding programme. Under the funding rules, the parties are required to enter into a consortium agreement (another name for a research collaboration agreement) before the funding agreement is signed. IP Draughts’ client, as Coordinator of the project, has the responsibility to ensure that this happens.
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