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Partnership agreement. A partnership agreement spells out the relationship between partners, as well as their individual obligations and contributions to a business. Indemnity agreement. Nondisclosure agreement. Property and equipment lease.
Name of your partnership. Contributions to the partnership and percentage of ownership. Division of profits, losses and draws. Partners' authority. Withdrawal or death of a partner.
Gain new client base and add competitive skills. Enter new business territories. Create different sources of additional income. Level industry ups and downs. Build valuable intellectual capital. Affordable alternative to merger/acquisitions. Reduce risk.
A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while each retains its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.
The document in writing should contain the important terms of partnership as agreed upon by the partners themselves to avoid any future dispute. So the document in writing containing the terms and conditions as agreed between the partners is called partnership deed.
Determine if the company you want to partner with is right for your business. Create a plan for the alliance. Create a proposal for the alliance. Submit the proposal. Once you're tendered the strategic partnership proposal, the recipient may have questions or want to make changes.
Alliance is an approach in which two or more companies agree to pool their resources together to form a combined force in the marketplace. Unlike a merger, an alliance does not involve the emergence of a new combined entity.Therefore joint ventures are indeed a very common entry strategy for companies.
There are three types of strategic alliances: Joint Venture, Equity Strategic Alliance, and Non-equity Strategic Alliance.
Joint Venture. A joint venture is a child company of two parent companies. Equity Strategic Alliance. Non Equity Strategic Alliance.