Alliance Agreement | Practical Law
An alliance agreement, sometimes called a contractual joint venture agreement or a strategic alliance agreement, between two independent entities that agree to work together, without forming a jointly owned entity, to compete for and work on a project or series of projects. It contains provisions that are common in negotiated alliance agreements, including terms setting out each party's obligations and responsibilities as well as procedures for project management and dispute resolution. It aims to be reasonable and is drafted in a balanced manner that does not favor one party over the other. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.