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.
Montana Circuit Board Alliance Agreement Contract
Category:
State:
Multi-State
Control #:
US-TC0515
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Word;
PDF;
Rich Text
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FAQ
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.
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.
The Alliance contract is a multi-party contract, which does not allow parties to take legal action against each other, thereby eliminating claims, outside of highly defined occurrences of willful default. It is a true collaborative contract.
Those seven elements are: Identification (Defining all the parties involved) Offer (The agreement) Acceptance (Agreement mirrored by other parties) Mutual consent (Signatory consent of all parties) Consideration (The value exchanged for the offer) Capacity (Legal/mental competence of all parties)
Alliance contracting is the term usually applied to project or service delivery where there is one contract between the owner/financier/commissioner and an alliance of parties who deliver the project or service. An alliance contract creates a collaborative environment without the need for new organisational forms.