What Is A Strategic Agreement

Whether you`re a start-up or a growing company, there are many reasons to enter into a strategic partnership agreement. At the very least, a strategic partnership will add value to your product or service by expanding your offering. A strategic partnership can even be a proverbial “match made in heaven” if both parties involved reciprocate well enough. There are several ways to define a strategic alliance. Some definitions emphasize the fact that the partners do not create a new legal entity, that is, a new company. This excludes legal training such as joint ventures in the field of strategic alliances. Others see joint ventures as possible manifestations of strategic alliances. Here are some definitions: Another type of alliance is a strategic technology partnership. This type of strategic partnership involves working with IT companies to keep your business afloat…