Best Practices for Successful Collaboration

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Originally published in Life Science Leader - July 2012.

Although collaborations between companies are often neccessary to bring new drugs or devices to market, many such collaborations end in unexpected acrimony and litigation. Companies can protect themselves in case a strategic alliance turns sour, however, by drafting agreements to minimize potential disputes with partners and by keeping the possibility of future disputes in mind throughout the collaboration. Any company engaging in a collaboration should consult with counsel for specific legal advice on how the following best practices can contribute to a successful collaboration relationship - or to success in ligitation, if the relationship fails.

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Published In: Alternative Dispute Resolution (ADR) Updates, General Business Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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