Partnership Letter with a University
Robert Kreger
Email: robert@email.edu
August 17, 2050
Lessie Johnson
BlissCore
1350 Cooks Mine Road
Roswell, NM 88201
Dear Ms. Johnson,
We are pleased to formalize a partnership between Timberland University and BlissCore. This partnership aims to establish a collaborative research initiative focused on developing innovative technologies for sustainable energy solutions.
Terms of Partnership:
Duration: This partnership agreement is effective as of September 1, 2050, and will continue until December 31, 2052, unless terminated by mutual agreement.
Roles and Responsibilities:
a. Timberland University agrees to lead research activities, provide laboratory facilities, and contribute expertise in renewable energy systems.
b. BlissCore agrees to collaborate on research projects, provide financial support for research activities, and offer industry insights.
Resources and Support:
a. Timberland University will provide access to state-of-the-art laboratories, research personnel, and academic expertise.
b. BlissCore will contribute $200,000 annually to fund research projects and provide technical support and industry-specific knowledge.
Financial Arrangements:
a. BlissCore will make annual payments to Timberland University within 30 days of the partnership anniversary.
Intellectual Property:
a. Any intellectual property developed during the course of this partnership will be jointly owned, with both parties having the right to use and commercialize the results.
Confidentiality:
a. Both parties agree to maintain the confidentiality of any proprietary information shared during the course of the partnership.
Review and Evaluation:
a. Annual reviews of the partnership's progress will be conducted every June, with adjustments made as necessary based on mutual agreement.
This partnership letter is mutually agreed upon by the undersigned representatives of Timberland University and BlissCore. We look forward to a successful collaboration that will bring mutual benefits and advancements in the field of sustainable energy technology.
Sincerely,
Robert Kreger
Dean, College of Engineering
