What is co-branding strategy?

Co-branding is a marketing strategy that utilizes multiple brand names on a good or service as part of a strategic alliance. Also known as a brand partnership, co-branding (or "cobranding") encompasses several different types of branding collaborations, typically involving the brands of at least two companies.

What is the meaning of co-branding?

Co-branding is a marketing strategy that utilizes multiple brand names on a good or service as part of a strategic alliance. Also known as a brand partnership, co-branding (or "cobranding") encompasses several different types of branding collaborations, typically involving the brands of at least two companies.

Sacramento California Co-Branding Agreement

Name: Sacramento California Co-Branding Agreement
Brand: US Legal Forms
Rating: 4.81 (438 reviews)

Category:

Contracts - Co-Branding

State:

Multi-State

County:

Sacramento

Control #:

US-02925BG

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Instant download

Description

Co-branding is a pairing of two or more branded products to form either a separate and unique product or brand; the use of distinct brands in combination with market-related products for complementary use, such as between a fast food chain and a toy company; or even physical product integration, such as a brand-name toothpaste combined with a brand-name mouthwash. A co-branding strategy can be a means to gain more marketplace exposure, fend off the threat of private label brands and share expensive promotion costs with a partner. In a co-branding relationship, both brands should have an obvious and natural relationship that has potential to be commercially beneficial to both parties.

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How to fill out Sacramento California Co-Branding Agreement?

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FAQ

Co-branding is a marketing strategy that utilizes multiple brand names on a good or service as part of a strategic alliance. Also known as a brand partnership, co-branding (or "cobranding") encompasses several different types of branding collaborations, typically involving the brands of at least two companies.

The typical co-branding agreement involves two or more companies acting in cooperation to associate any of various logos, color schemes, or brand identifiers to a specific product that is contractually designated for this purpose.

Establish Credibility - Co-branding enables businesses to build or enhance their brand by partnering with another respected business. Two brands coming together establishes credibility because each company is able to highlight and reflect each other's assets and thus strengthen their position in a given market.

The Taco Bell/Doritos partnership detailed below is a perfect example of co-branding. Or, for instance, when Nike partnered with Apple for Apple Watch Nike +. A common example is when your favorite brand or retailer partners with a credit card company for a co-branded credit card like Bloomingdale's American Express.

4 Brand Growth Strategies The four brand strategies are line extension, brand extension, new brand strategy, and flanker/fight brand strategy.

Types of co-branding strategies Ingredient co-branding.Same-company co-branding.National to local co-branding.Joint venture or composite co-branding.Multiple sponsor co-branding.

The disadvantages: If the companies don't share the same missions and visions, composite branding is a no-go. Co-branding can also have an adverse effect on partner brands. If the customers associate bad traits and experiences with one of the brands, the total brand equity might get damaged.

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Sacramento California Co-Branding Agreement

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