Collaborative Agreement
Category: 270 Legal Recent Posts, Government, Teaming Agreement
COLLABORATIVE AGREEMENT
between
VIASPACE/ARROYO SCIENCES
and
RAYTHEON COMPANY
THIS TEAMING AGREEMENT is made and entered into between VIASPACE, a Nevada corporation existing under the laws of the State of California, acting solely by and through its Arroyo Sciences Subsidiary (hereinafter referred to as VIASPACE/Arroyo Sciences), and RAYTHEON COMPANY, a corporation organized and existing under the laws of the state of Delaware, acting solely by and through its Network Centric Systems business (hereinafter referred to as “Raytheon NCS”)
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ARTICLE 2 — PROPOSAL ACTIVITIES
2.1 During the term of this Agreement, Prime shall use its good faith efforts to secure prime contracts for the Program, and Sub shall exercise good faith efforts to assist Prime in achieving this result through its endeavors in the field of EXHIBITS A, B or C (the “Scope Exhibits”). Any modifications to the Scope Exhibits shall be in writing signed by both parties.
2.2 Sub shall work with and at the direction of Prime using its good faith efforts to assure an appropriate interface between its work and that of Prime, and will cooperate in supporting marketing and proposal efforts on the Program as requested by Prime. Sub will submit to Prime a proposal for the requested work in accordance with the Scope Exhibits within 5 days of receiving a request for proposal. As part of any proposal, the Sub shall incorporate any material pertinent to the work assigned to it, including, but not limited to, manuscripts, art work, Work Breakdown Structure (WBS), and element cost and/or pricing data, as appropriate. Such proposal shall contain or be accompanied by accurate, current and complete pricing information in sufficient detail to permit costing of the prime contract and negotiation of the subcontract. However, Sub reserves the right to submit any proprietary pricing information direct to the Customer rather than to the Prime.
2.3 Each party shall bear all costs, risks and liabilities incurred by it arising out of its performance of this Agreement. The Prime shall be responsible for the graphic arts, printing, binding, and delivery costs of the proposal. Neither party shall have any right to any reimbursement, payment or compensation of any kind from the other during the period up to the award of a prime contract unless otherwise specifically agreed in writing by the parties.
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