This model contract provides reliable guidance and an adaptable, balanced contractual framework that covers the situation where a manufacturer licenses a package of information and industrial property rights to a licensee company.
The ICC Model Turnkey Contract for Major Projects provides contractors and employers with a unique, balanced platform that is fair to all parties. At the same time, the model accommodates the desire of all parties for price and scope certainty, the need for swift and effective dispute resolution, and the need for complete and informed allocation of risks.
This ICC Model Contract is designed for the turnkey supply of an industrial plant or production line. It takes account of all of the specifics but contains enough flexibility for the parties to work out special situations for themselves.