Technical Proposal Template
Technical Proposal Template
PROPOSAL
TEMPLATE
DESCRIPTION
WHAT IS [PRODUCT.NAME]?
Introduce the concept for the product. Give a very high level overview of it in a few paragraphs. This might be the
most important section of your technical proposal because if you can’t get the reader’s interest at this conceptual
level, then you will never get them to read any further through the speci cs that you will get into in the next
section. You should think of this section as painting a picture and conveying your vision to your reader.
WHEREAS, the Inventor has conceptualized [Product.Name] which is a product description (the “Product”) and
the Company has agreed to extent of commitment according to the terms and conditions herein.
NOW, THEREFORE, In consideration of the mutual covenants and promises made by the parties hereto, the
Company and the Inventor (individually, each a “Party” and collectively, the “Parties”) covenant and agree as
follows:
THE PRODUCT Technical details of the Product are attached hereto as Exhibit A.
COMPANY DUTIES The Company agrees to perform all duties described on the page attached
hereto as Exhibit B.
CONSIDE In consideration for the rights conveyed herein, the Company agrees to pay
RATION the Inventor amount to be paid on or before date.
OWNERSHIP The Parties acknowledge and agree that the Company will hold all intellectual
property rights in the Product including, but not limited to, copyright and
trademark rights. The Inventor agrees not to claim any such ownership in the
intellectual property inherent in the Product at any time after the execution of
this Contract.
NO MODIFICATION No modi cation of this Contract shall be valid unless in writing and agreed
UNLESS IN WRITING upon by both Parties.
APPLICABLE LAW This Contract and the interpretation of its terms shall be governed by and
construed in accordance with the laws of the State of and subject to the
exclusive jurisdiction of the federal and state courts located in country, state.
[Sender.Company] [Client.Company]
EXHIBIT A
THE PRODUCT
EXHIBIT A
COMPANY DUTIES