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The document sets out the stated purpose, envisaged IP provisions based on defined principles, and optional areas still to be discussed. It includes confidentiality mechanics via two alternative clauses, clarifies non-binding legal status and governing law, and allocates negotiation costs to each Party before signature.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/innovation-partnership-programme-model-non-binding-term-sheet-setting-out-the-principal-ip-terms/175043/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/innovation-partnership-programme-model-non-binding-term-sheet-setting-out-the-principal-ip-terms/175043.png","ImageObject",442,249,{"name":88,"@type":89},"Jacob","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-19","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of the non-binding term sheet in this document?","Question",{"text":109,"@type":110},"It summarises the main intellectual property terms the Parties intend to include in a future collaboration agreement, and it is a pre-requisite for Enterprise Ireland to approve release of funding if the Project is funded.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What confidentiality approach does the term sheet provide?",{"text":114,"@type":110},"It offers two alternative confidentiality clauses: one describing how Confidential Information is defined and protected, and another referencing a separate Confidentiality Agreement signed on a specified date.",{"name":116,"@type":107,"acceptedAnswer":117},"Is the term sheet legally binding?",{"text":118,"@type":110},"Except for identified clauses intended to be binding, the term sheet is non-binding and does not create a legal relationship or contract. Either Party may withdraw from negotiations, and negotiations are non-exclusive unless otherwise stated.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},175043,1788317976,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":126,"read_time":76},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Innovation Partnership Programme\nDated _____________________________________20[●]\n[Full legal name of the RPO]\nand\n(2) [Full legal name of the Company]\nMODEL NON-BINDING term sheet \u000bSETTING OUT THE PRINCIPAL IP TERMS FOR THE Collaboration agreement \u000bREGARDING THE [INSERT NAME] PROJECT\nNON-BINDING TERM SHEET \u000bSETTING OUT THE PRINCIPAL IP TERMS FOR THE COLLABORATION AGREEMENT REGARDING THE [INSERT NAME] PROJECT\nThis Non-Binding Term Sheet dated ______________________________ 21[●] is between:\n[●] (the “RPO”), [an academic institution [incorporated or established] under [statute or charter in Ireland],] whose [principal address or registered office] is at [●]; and\n[●] (the “Company”), [a company incorporated in [(] under registration number [(],] whose [principal place of business or registered office] is at [(].\nThe RPO and the Company together shall be referred to as the “Parties”, and individually shall be referred to as a “Party”.\nPurpose\nThe RPO has applied for funding for a project relating to [insert a brief description] (the “Project”) from Enterprise Ireland under the Innovation Partnership Programme. If Enterprise Ireland awards the funding for the Project, the Parties intend to enter into an agreement to set out the terms under which they would collaborate on the Project (the “Collaboration Agreement”). The purpose of this Non-Binding Term Sheet is to summarise the main intellectual property terms that the Parties intend to include in any such Collaboration Agreement. The Parties acknowledge that completion of this Non-Binding Term Sheet is a pre-requisite for EI to approve release of funding.\nProvisions envisaged for the Collaboration Agreement\nThe Parties intend that the Collaboration Agreement would contain intellectual property terms based on the following principles:\nAreas still to be discussed\nThe Parties envisage that the Collaboration Agreement may also include other terms, which may include, without limitation, [(].\nConfidentiality\nEITHER: [Each of the Parties acknowledges that during the negotiation of the Collaboration Agreement it may receive Confidential Information from the other Party. “Confidential Information” shall mean any information which, if in writing, is marked as confidential or which, if not in writing, is otherwise characterised as confidential at the time of disclosure. Each of the Parties agrees that it will:\nuse the Confidential Information only for the purpose of negotiating the Collaboration Agreement and not for any other purpose; and\nkeep the Confidential Information confidential and not directly or indirectly disclose it or make it available to any third party.\nThis obligation shall not apply to information which is or subsequently becomes publicly known through no act or omission of the Party that receives it.]\nOR: [It is agreed that the confidentiality of the Parties’ confidential information that may be disclosed by one Party to the other during the negotiation of the Collaboration Agreement will be maintained in accordance with the Confidentiality Agreement signed by the Parties on [insert date].]\nLaw and status of this Term Sheet\nExcept for the provisions of Clauses \u0013 REF _Ref528248282 \\r \\h  \\* MERGEFORMAT \u00144\u0015, \u0013 REF _Ref425930820 \\r \\h  \\* MERGEFORMAT \u00145\u0015 and \u0013 REF _Ref528248284 \\r \\h  \\* MERGEFORMAT \u00146\u0015 which the Parties intend to be binding obligations, this Term Sheet is not intended to create, evidence or imply any legal relationship or contract between the Parties. Each Party acknowledges and agrees that (a) either Party may withdraw from the negotiation of the Collaboration Agreement at any time without liability, and (b) the negotiations are being conducted on a non-exclusive basis, unless and to the extent otherwise stated in this Term Sheet. To the extent that any legal issue arises in connection with this Term Sheet, it will be governed and construed in accordance with the laws of Ireland.\nCosts\nEach Party shall bear its own legal and other costs in connection with th","cbCair9zzb9jFHMD","https://ap.wps.com/l/cbCair9zzb9jFHMD","docx",65073,7,"English","# Purpose\n# Provisions envisaged for the Collaboration Agreement\n# Areas still to be discussed\n# Confidentiality\n# Law and status of this Term Sheet\n# Costs\n# Signature","[{\"question\":\"What is the purpose of the non-binding term sheet in this document?\",\"answer\":\"It summarises the main intellectual property terms the Parties intend to include in a future collaboration agreement, and it is a pre-requisite for Enterprise Ireland to approve release of funding if the Project is funded.\"},{\"question\":\"What confidentiality approach does the term sheet provide?\",\"answer\":\"It offers two alternative confidentiality clauses: one describing how Confidential Information is defined and protected, and another referencing a separate Confidentiality Agreement signed on a specified date.\"},{\"question\":\"Is the term sheet legally binding?\",\"answer\":\"Except for identified clauses intended to be binding, the term sheet is non-binding and does not create a legal relationship or contract. Either Party may withdraw from negotiations, and negotiations are non-exclusive unless otherwise stated.\"}]","Innovation Partnership Programme - Model Non-Binding Term Sheet - Setting Out the Principal IP Terms | DOCX"]