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Material Transfer Agreement FAQs
What is a Material Transfer Agreement?
This material transfer agreement establishes the relationship between your company and the organization you are sharing bio material with. This document is customized to life science companies.
What's included in a Material Transfer Agreement?
This agreement contains the terms you need to protect your company transfer bio material to another organization. It contains confidentiality terms, liability protections, and arbitration provisions to ensure your company is protected
Why is this different than a template?
Templates aren’t customized. They offer generic language that may or may not fit your company. You have to do all the work to make the document work for your circumstances.
In contrast, SixFifty’s document automation dynamically chooses the language your business needs based on answers to our question flow. As you go through the guided questions, our backend system builds your fully customized document just like a law firm would.
The result? A superior customized document you can feel comfortable knowing is up-to-date and written by a world-class legal team.
Why do I need a Material Transfer Agreement?
Whenever you work with a person or organization outside your organization, you need to document your arrangement with them.
It is important to include confidentiality terms, liability protections, and non-compete and non-solicit clauses to ensure that your company interests and information is protected. This is particularly the case when you share bio information with another party. There are serious privacy and liability concerns that need to be dealt with in the agreement.
How many times can I create my Material Transfer Agreement?
Once you create an account you will be able to start the question and answer flow.
If you need to stop at anytime you can return to the question and answers by logging back into your account. Once you complete your document, you will not be able to start the questions over again.
If you need to re-download your finished document you can come back to your account and resend the Word file to your email.
What format does the Material Transfer Agreement come in?
You will receive your finished document in a Word format for easy editing.
What makes SixFifty better?
Built by legal experts
Powered by world-renowned Wilson Sonsini, SixFifty prides itself on quality.
Documents are created in Microsoft Word to allow for maximum flexibility.
Our team of top lawyers actively watch and monitor changes in the law to update documents.
Unlike traditional outside counsel, you can create your documents 24/7.