Pharmaceutical company, Abbott`s agreement in India to market Zydus Cadila drugs throughout India. An agreement like this allows each company to focus on what it does best. In this case, Cadila Cydus focuses on drug manufacturing, while Abbott India hones in the marketing of drugs. In any case, a basic strategic partnership agreement should include: before delving into a partnership, expanding the other party and carefully assessing the benefits and risks of concluding the agreement. If you can achieve your profit goals and customer expectations through partnership, then this is the right call for your business. Once you have found a strategic partner with whom you can work, you must develop and sign a strategic partnership proposal or agreement with them. This type of document can be relatively simple, to extremely complex, depending on the scope of the partnership, the terms of the agreement and the scope of the companies involved. Subject to the implementation of a local performance agreement (“LIA”) primarily in the form of Schedule A relating to this agreement, you and your subsidiaries may be designated as authorized and non-exclusive partners for the purchase and resale by distribution, and if HP authorizes the sub-licensing of products in accordance with the terms of this Agreement. Sublicence. Some software may require a sublicensing agreement between you and the customer. The written sublicensing contract must be available to us upon request and contain the terms provided by HP. Let`s look at five types of common strategic partnerships and what is taken into account in a typical strategic partnership agreement. A strategic partnership is a mutually beneficial agreement between two separate companies that are not directly competing.
It should also be kept in mind that strategic partnerships can also reduce risk. This means, for example, that if you choose a strategic manufacturing partner that manages a plant and insures its employees, you will be dispossessed of responsibility for operating a similar facility. First of all, I would like to know why you want to conclude a strategic partnership agreement. The goals of the alliance determine whether the relationship between your company and another company or supplier continues or has a certain lifespan. While revenue is most often the underlying goal, technology partnerships also aim to achieve additional goals. The emphasis on maintaining or increasing a competitive advantage, reducing the impact of competition and achieving cost reductions are among the most common, both in business-to-business partnerships and in technical partnerships between companies and suppliers. For example, a shared marketing program, in which two non-competing companies that sell complementary products, create common advertisements, share mailing lists and return their customers, can increase market engagement for both companies. The two main elements of a technical partnership agreement are sections that clearly state that the agreement does not involve or constitute a commercial partnership and defines the life of the relationship.