Strategic Alliance Agreement
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Description
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. Alliance agreements allow separate entities to join together on a specific project while protecting their other ventures from liability.
Alliance agreements cover terms like each parties' obligations in the partnership, guarantees, collateral, and consequences of expiration or termination of the contract. In addition, these agreements define the responsibilities and expectations of both parties as they work together on a venture.
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