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A legal instrument (award) of financial assistance between a sponsor and a recipient. The purpose is to transfer something of value to carry out a public purpose and not to acquire property or services. It is not cash, subsidy or a loan.
Cooperative agreements also provide assistance, but with substantial sponsor involvement, typically described in a set of specific terms. The basic purpose of a contract is to procure tangible good and services through an acquisition.
Cooperative Agreement Definition A cooperative agreement reflects a relationship between the U.S. Government and a recipient and is used when the government's purpose is to assist the intermediary in providing goods or services to the authorized recipient.
A cooperative is generally able to negotiate lower prices for goods and services than any of the single members in the collective. By leveraging this purchasing power, members are able to take advantage of superior pricing.
An agreement by two companies to work together for mutual benefit, but without a long-term binding contract. Either side may cease the BCC at will.
A marketing cooperative is a business organization owned by farmers to collec- tively sell their products. It allows produc- ers to accomplish collectively functions they couldn't achieve on their own.
Cooperatives use uniform marketing agreements to ensure that a specified amount of product is marketed to the cooperative. This reduces raw product supply risks, which typically enhances a cooperative's ability to obtain debt financing.
Cooperative agreements also provide assistance, but with substantial sponsor involvement, typically described in a set of specific terms. The basic purpose of a contract is to procure tangible good and services through an acquisition.
Cooperative marketing essentially involves understanding or an agreement between two companies aiming to promote or sell the other companies' products. They also sell their products. The companies within the agreement do this to complement each other's services. This provides mutual benefits.
Cooperative contracts ? also known as cooperative procurements or cooperative agreements ? are agreements between the government and businesses, created in order to lower the costs of procuring goods or services that multiple entities commonly need.