Teaming Agreement

Teaming up with another company to share resources to bid for public procurement? A teaming agreement is the smart first step in a successful bid to win a tender. It is the contract between a potential prime contractor and its subcontractor under a specified public or private procurement. The agreement regulates the collaboration leading up to submitting a tender.

A teaming agreement should typically include:

• Parties
• Background
• Setting out the roles of the prime contractor and subcontractor
• Prime contractor's responsibility
• Subcontractor's responsibility
• Whether the collaboration should be exclusive or non-exclusive
• Independent relationship
• Expenses
• Confidentiality undertaking
• Licenses
• Rights in new innovations
• Termination
• Publicity
• Applicable law

Let us assist you in how to draw up a teaming agreement adapted for your situation.