Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Without limiting the generality of subsection 12(1), an R&D Corporation may enter into an agreement (including a joint venture agreement or a partnership agreement) with a person for either or both of the following to be carried out by the Corporation and the person:
(a) R&D activities;
(b) marketing activities as mentioned in paragraph 11(ea) or (eb).
(2) Without limiting the matters that may be included in the agreement, the agreement is to specify:
(a) the objectives of the activities; and
(b) the expected duration of the activities; and
(c) the nature and extent of the contribution to be made by the Corporation towards the activities; and
(d) the basis for the distribution of profits and other benefits derived from the activities.