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A strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Strategic partnerships can take on various forms from shake hand agreements, contractual cooperation's all the way to equity alliances, either the formation of a joint venture or cross-holdings in each other.
In December 2006, President Roh Moo Hyun visited Indonesia to sign a Joint Strategic Partnership between Indonesia and South Korea. President Yudhoyono visited Korea as a state guest in March 2012 and President Lee Myung-bak visited Bali to attend the Bali Democracy Forum in November 2012.
During the official visit to China in May 2008 of General Secretary Nông Đức Mạnh, senior leaders of the two countries agreed to build a "Comprehensive strategic cooperative partnership" in the 21st century on the basis of 16 Word Guideline "Friendly neighbors, Comprehensive cooperation, long-term stability, looking to the future" and the 4 good spirit "Good neighbors, good friends, good ...
The full name of the charter is as "Charter on Strategic Partnership between the Republic of Armenia and the United States of America" [1] [2] On 14 January 2025, Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Antony Blinken signed a document in Washington, D.C. formalizing the strategic partnership. [3]
Both nations had agreed to establish a strategic partnership. [6] The two countries have significant bilateral trade. [7] India and Indonesia are among the largest democracies in the world. [8] Both are member states of the G-20, the E7 (countries), BRICS, the Non-aligned Movement, and the United Nations.
In December 2022, the two nations have elevated their ties to comprehensive strategic partnership – technically the highest level of bilateral relationship that is designated by the Vietnamese side. Both countries have aimed to raise their two-way trade to 100 billion U.S. dollars in 2023 and expected to reach 150 billion by the end of this ...
Under the Action Plan for 2017–20 to operationalise the Comprehensive Strategic Partnership between the two countries, the Indian government will collaborate with select Indian educational institutes to organize Vietnamese language courses and to promote Vietnamese culture in India.
Hence, partners are 'mutual agents'. Section 18 of the Partnership Act, 1932 says "Subject to the provisions of this Act, a partner is the agent of the firm for the purpose of the business of the firm" [24] 5) Oral or Written Agreements. The Partnership Act, 1932 nowhere mentions that the Partnership Agreement is to be in written or oral format.