Document background
The Prototype Development Agreement is essential when a company or organization (the client) engages a specialized developer or firm to create a prototype of a product, system, or technology. This agreement, governed by Dutch law and compliant with EU regulations, is crucial for protecting both parties' interests during the development process. It typically includes detailed specifications, development milestones, acceptance criteria, and provisions for intellectual property rights. The agreement is particularly important in innovative sectors where new products or technologies are being developed, as it helps manage risks, set clear expectations, and establish ownership of the resulting intellectual property. This document should be used at the beginning of any prototype development project to ensure all parties understand their roles, responsibilities, and rights.
