The Legal Framework for Startups also provides forecasts regarding the bidding processes that startups can compete in, in order to facilitate the contracting of innovative solutions by the Public Administration.
The new law allows for the waiver of the provision of a guarantee in the execution of a contract, in addition to exempting the startup from presenting documents proving legal, technical, economic-financial qualification and tax compliance, except in cases involving social security.
In this new bidding modality, greater freedom will be granted between the parties to predict how ownership of intellectual property rights over development and share of action on the results will be defined.
