A Terms of Collaboration Agreement is a formal document that outlines the specific rights, roles, and responsibilities of the involved parties in a business collaboration. It should include third-party details, information about the services or products to be delivered, performance expectations, payment terms, and any other related conditions relevant to the business relationship. The agreement should also outline dispute resolution procedures in case of any disagreement between the parties. Ultimately, this document will help ensure that both parties benefit from the collaboration while also helping to avoid preventable legal issues.