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IRT is now expanding the business under licence and partnering agreements and has launched an internet-based energy portal allowing anyone with a thermal camera to access their software and quantify their own images.
He would like to see these be the foundation for "partnering agreements," similar to prenuptial agreements, which would spell out what the parties expect from each other, how they'll interact, and how they'll resolve conflicts if they arise.
The MoU between the agencies should be updated to reflect the new understanding and expectations of the partnership that come out of the re-building process, based on best practice guidelines for partnering agreements.
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Armed Forces minister Bob Ainsworth said: "Today's partnering agreement secures the long-term supply of ammunitions to our Armed Forces.
The retained business is cash-generative with long-term visible annuity streams generated from the Long Term Partnering Agreement, and although the UK defence budget remains stable, the procurement arm of the UK MoD (Defence Equipment and Support) continues to experience reform as it learns to operate as an arms-length trading entity of the MoD.
"Currently, Cardiff Airport and the Celtic Manor Resort are drawing up a joint partnering agreement to define and expand our relationship for mutual benefit, in line with our shared intention to contribute to a prosperous Welsh business landscape".
Because venture partnerships are largely free of public disclosure requirements, most disputes have been settled privately, with partner agreements that dictate confidentiality.
Hiroshi Lockheimer, Google's vice-president of Android engineering said in an online statement: "The European commission has asked questions about our partner agreements.
In response to the Android probe, Google notes that its Android partner agreements are voluntary.
But many say they can't invest because of limited partner agreements.
However, due to partner agreements, Quixey can't disclose the companies using its service today.
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