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.
Illinois Circuit Board Alliance Agreement Contract
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State:
Multi-State
Control #:
US-TC0515
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Word;
PDF;
Rich Text
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FAQ
What is an Alliance Agreement? An alliance agreement, also known as a joint venture agreement, is a legal agreement between parties that outlines their rights and responsibilities as they form a partnership on a new project.
In an alliance contract both parties, contractor and client, accept a collective responsibility for risk, performance and outcome (gain-sharing / pain-sharing) and avoid a blame culture.
Alliance contracts bring innovation and collaboration between the contract parties to the forefront during the procurement process where target outturn cost and performance targets are set for the joint (integrated) owner-contractor project team.
An alliance agreement, sometimes called a contractual 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.
Though less formal than other types of agreements, a strategic alliance is often still bound with a contractual obligation that legally binds the actions of each alliance member.
In an alliance contract both parties, contractor and client, accept a collective responsibility for risk, performance and outcome (gain-sharing / pain-sharing) and avoid a blame culture.
Under an alliance contract, the Owner and the Non Owner Participants. (NOPs) work together to collaboratively determine the best project solution and. deliver the project.