Creating contracts for outsourcing in the biopharma industry
Creating a strong agreement which takes into consideration all the relevant aspects of an outsourcing relationship is the cornerstone of a successful partnership between a foreign entity and Indian CMO/service provider. This chapter discusses the key elements of an outsourcing contract and the negotiations and discussions which are required to be undertaken in formulating such a contract. The formulation of a term sheet will allow the respective lawyers to draft the terms required on a mutual understanding of each party’s needs. This chapter contains both the general and the specific terms, conditions and clauses which are usually found in an outsourcing agreement.