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.
Co-Development Agreement
Posted: August 6, 2009Topics: Glossary
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Will Dearman is the Editor of TheStrategyBlog. His professional experience includes acquiring and later selling a portfolio of Internet-based companies as well as working as a credit underwriter in Bank of America's commercial middle market bank. His interests include finance, innovation, strategy and social technology. Find him on Twitter!