Agreement between two companies to share the research and development costs of a product, technology, or process. This varies from a Joint Venture because a new legal entity is not created in the process.
Category: Glossary
About the Author: Hello, I'm Will Dearman. I'm a data-focused consultant, aspiring strategist, and dad. I love experiments, big data, bigger ideas, adventures, and solving problems. I'm an INTJ. Find me on Twitter or Google+ If you liked this post, please subscribe to this blog.
| Hello, I'm Will Dearman. I'm a data-focused consultant at a global bank, aspiring strategist, and dad. I love experiments, big data, bigger ideas, adventures, and solving problems. |  |