Purpose: establish a formal process for performing joint research with the following benefits- Improve research, with benefits to both SABIC and KSU, the citizens of KSA, and society at large Achieve balance between the educational mission of KSU and the business mission of SABIC Foster better cooperation by having a formal process Avoid misunderstandings or loss of IP rights Parties: SABIC (Saudi Basic Industries Corporation) and Affiliates* KSU (King Saud University) and Affiliates* Type of Collaboration Not limited- depends of the needs of the Parties, as defined by the Steering Committee and the Project Managers in the project description (Statement of Work); Can include Consultation on design, construction, and operation of research centers and lab facilities.