This model contract models is for partnerships between two companies or businesses either locally or internationally. This is the most common type of business contract.This contract model is for two parties who wish to form an alliance or collaboration. Every contract situation is different, and this model provides a series of options to help users tailor the contract to their specific needs.
This International Alliance model contract suggests:
- A Management Committee where the two contractual parties are represented.
- The parties will share costs 50-50.
- Each party will have clear areas of responsibility explained in the contract.
- The parties will share knowhow and technical development.
- The length of the contract.
Contract models are general frameworks only. They must be tailored to the specific circumstances of the alliance or collaboration.