Common use of Research and Development Clause in Contracts

Research and Development. 1. The Parties agree that research and development is critical to create economic prosperity and opportunities for decent work, and can make a pivotal contribution to achieving the objectives of this Agreement. 2. The Parties shall encourage the generation and dissemination of new knowledge, taking account of its potential impacts, including harmful effects, on the environment and society. They shall support skills enhancement to keep pace with technological advances and innovation, and shall support mobility and training of researchers. They shall promote partnerships between industry, academia and the public sector as well as activities of the private sector aimed at gathering knowledge and testing ideas in order to generate new products with real commercial potential, paying special attention to women and youth as innovators. 3. The Parties shall promote investments in research and development especially in high added-value segments of value chains, and shall endeavour to address societal challenges especially in the areas of environment, climate change, energy, food safety and security, and health.

Research and Development. 1. The Parties agree that research and development is critical to create in the creation of economic prosperity and opportunities for decent work, and can make a pivotal contribution to achieving the objectives of this Agreement. 2. The Parties shall encourage the generation and dissemination of new knowledge, taking account of its potential impacts, including harmful effects, on the environment and society. They shall support skills enhancement to keep pace with technological advances and innovation, and shall support mobility and training of researchers. They shall promote partnerships between industry, academia and the public sector as well as activities of the private sector aimed at gathering knowledge and testing ideas in order to generate new products with real commercial potential, paying special attention to women and youth as innovators. 3. The Parties shall promote investments in research and development especially in high added-value segments of value chains, and shall endeavour to address societal challenges especially in the areas of environment, climate change, energy, food safety and security, and health.