Joint Venture Agreement Of Seal

If reducing the likelihood of a cultural conflict is the “main course” of a joint venture agreement, the ancillary orders of relationship, trust and respect should make it even more practicable. It is the presence of this third independent entity that distinguishes this joint venture particularly, but not only, from a strategic alliance. In the latter case, the two companies remain separate and the terms of their alliance may be set out in a letter of agreement or agreement, and not in a joint venture agreement which is a binding legal document. In other words, a strategic alliance is not a legal entity in its own right. In fact, many alliances have been forged out of hand. This can be a reason to rejoice or be scary, depending on your point of view and goals. In theory, joint ventures and strategic alliances are short-term, so not permanent…

Author: Franck Pertegas

Share This Post On