A longer-term relationship should never include a joint product development relationship with shared development costs and intellectual property.

Question

Quizplus · Accepted Answer

A longer-term relationship may involve a joint product development relationship with shared development costs and intellectual property. This may lead to a more mutually beneficial and successful partnership in terms of innovation and competitive advantage. However, it is important for both parties to have clear agreements and legal documentation in place to protect their intellectual property and ensure fair distribution of costs and benefits.

A Longer-Term Relationship Should Never Include a Joint Product Development