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A strategic alliance is an agreement between two or more players to share resources or knowledge, to be beneficial to all parties involved. It is a way to supplement internal assets, capabilities and activities, with access to needed resources or processes from outside players such as suppliers, customers, competitors, companies in different industries, brand owners, universities, institutes ...
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
Typically, two companies form a strategic partnership when each possesses one or more business assets or have expertise that will help the other by enhancing their businesses. This can also mean, that one firm is helping the other firm to expand their market to other marketplaces , by helping with some expertise.
A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involved and are typically managed by an integrated project team.
The Red Line Agreement was signed following the discovery of an immense oil field Baba Gurgur in Iraq and TPC gained a concession for Iraq. Under the terms of the agreement, each of the four parties received a 23.75% share of all the crude oil produced by TPC. The remaining 5% share went to Gulbenkian, who was a partial stakeholder within the TPC.
This is necessary because 45 C.F.R. Section 164.308(b)(1) allows a covered entity to grant permission to a noncovered entity (i.e., a business associate) to “create, receive, maintain, or ...
Some agreements provide that if the representations and warranties by the seller prove to be false, the buyer may claim a refund of part of the purchase price, as is common in transactions involving privately held companies (although in most acquisition agreements involving public company targets, the representations and warranties of the ...
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