This is a circuit board alliance agreement between a high-cost manufacturer and a low-cost manufacturer of circuit boards. The high-cost manufacturer wishes to establish a lower-cost manufacturing capability, and the low-cost manufacturer wishes to establish itself as a quality manufacturer. This document defines their working relationship.
Circuit Board Alliance Agreement Contract
Category:
State:
Multi-State
Control #:
US-TC0515
Format:
Word;
PDF;
Rich Text
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FAQ
An alliance agreement, sometimes called a joint venture agreement or a strategic alliance agreement, between two independent entities that agree to work together, without forming a jointly owned entity, to compete for and work on a project or series of projects.
The simple answer is YES. You can write your own contracts. There is no requirement that they must be written by a lawyer. There is no requirement that they have to be a certain form or font.
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.
Create a preliminary plan for an alliance. This plan should detail how the alliance will benefit both companies. Approach the key decision maker. Build a relationship with your contact first. Present your idea. Listen and adapt your proposal as necessary.
Although there's no requirement for a written partnership agreement, often it's a very good idea to have such a document to prevent internal squabbling (about profits, direction of the company, etc.) and give the partnership solid direction. Limited liability partnerships do have a writing requirement.
Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
Partnership DeedPartnership deeds, in very simple words, are an agreement between partners of a firm. This agreement defines details like the nature of the firm, duties, and rights of partners, their liabilities and the ratio in which they will divide profits or losses of the firm.
Share the same values. Choose a partner with complementary skills. Have a track record together. Clearly define each partner's role and responsibilities. Select the right business structure. Put it in writing. Be honest with each other.
Name of the partnership. Contributions to the partnership. Allocation of profits, losses, and draws. Partners' authority. Partnership decision-making. Management duties. Admitting new partners. Withdrawal or death of a partner.