Blue Planet Environmental Solutions India Private Limited | Master Services Agreement | TERI

TERI and Blue Planet Solutions sign joint development agreement for TEAM technology.

The details of the deal are as under:

Completion Date:  23-Dec-2020 

Name of Client: Blue Planet Environmental Solutions Pte Ltd Blue Planet Environmental Solution India Private Ltd. provides waste management solutions. The company is involved in various activities, including a collection of waste through existing waste collection operatives, transportation, segregation of the waste into component parts, processing of the segregated waste, and treatment of waste into valuable products.  

Deal Description: Advised Blue Planet Environmental Solutions India Private Limited (BPES) in drafting and negotiating the joint development agreement with The Energy and Resources Institute (TERI) in respect of a collaboration for a competitive and innovative waste management system/technology and advised BPES on structuring the deal, drafting and negotiations between parties. Blue Planet Environmental Solutions has created an integrated waste management ecosystem and its technologies have been recommended by the Swachh Bharat Mission and recognised under the Solid Waste Management Rules, 2016. The deal envisaged that the intellectual property right for the product so developed would be jointly owned by BPES and TERI

Team Members: Nishad Nadkarni (Partner), Khushboo Jhunjhunwala (Associate) 

Role of Firm: The team advised Blue Planet Environmental Solutions India Private Limited (BPES) in drafting and negotiating the joint development agreement with The Energy and Resources Institute (TERI) in respect of a collaboration between parties for a competitive and innovative waste management system/technology, and advised in the structuring the deal, negotiations between parties and drafted the agreement incorporating the understanding of the parties achieved through negotiations