Whereas: Bob has expressed an interest in "monitization" and Hans claims he has significant WIP that can be contributed as "resources":
a formative written understanding may be needed. For example:
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Some "terms & Conditions we should consider:
"Both parties enthusiastically agree to collaborate in the treasure hunt, pledging to share the spoils in direct proportion to the time, effort, and other quantifiable resources each contributes, fostering a mutual commitment to equitable and proportional rewards."
"In addition, the collaborators commit to a fair and transparent sharing of any intellectual property arising from the quest, with a mutually agreed-upon framework for ownership, licensing, and any potential commercialization. This collaborative agreement ensures that the fruits of our collective intellectual endeavors will be shared in a manner reflective of each party's contributions and dedication to the success of our shared venture."
"In the event that the collaborators decide to terminate their joint efforts, both parties shall retain the knowledge gained up to the defined moment of separation. Additionally, upon such separation, each collaborator will be granted an irrevocable right and perpetual license to use any intellectual property generated during the quest, without the obligation of compensating the other party. This provision ensures that both collaborators maintain the autonomy to leverage the acquired knowledge for their individual pursuits following the conclusion of our joint venture."
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