18. If one party does not wish to pursue the partnership or if one party enters into voluntary liquidation or legal proceedings, the other party is entitled to take over the entire transaction, with all assets and subject to any liabilities, for an assessment to be carried out through the company`s reviewers, and the former party`s share is paid in tranches that can be decided or decided by arbitration. A popular (and extremely valuable) alliance is the strategic partnership of the supply chain. One of the most obvious places to see strategic in-action procurement partnerships is the film industry. If you`ve ever noticed that most films list different companies strangely named before the start of the film, it`s because movies are usually made using a supply-chain method. A relatively small production house will provide rotation and post-production, and a larger studio will finance, market and distribute the film. Think of J.J. Abrams` Bad Robot and Paramount Pictures, who maintain such a partnership agreement. Another fantastic example of strategic partnership for integration is the agreement between Nike and Apple. Beginning in the early 2000s, Nike and Apple began tying their respective products and technologies to create what would later become Nike. When purchasing fitness shoes and specific clothing, customers can pair their products with their iPhone apple or watch to track their health and achieve other health goals. If you can perform each function in-house, preserve quality and make a profit, then your company can`t get much out of a strategic partnership contract.
But there is almost always the possibility of reducing the cost column or increasing the end result in each store, and that`s where strategic partners are useful. If there is a chance for your business to improve, there is a good chance that there is a partner who can help you. Friends from the university with business partners. This is how the relationship between Bill Hewlett and David Packard developed. They are the masterminds behind the multinational IT company Hewlett-Packard Company. Bill and David had not only a common interest and the same level of curiosity about electricity; They also have the same love for outdoor activities like camping and fishing. They separated after graduation, but they met years later. They were encouraged by their mentor, Fred Terman, to unite and start a business. On his advice, they followed, they produced the master`s thesis of Hewlett, an oscillator that was the first product of their company. Their first production site was a small garage, which is now a historical symbol in California and is called the birthplace of the Silicone Valley.
In addition to their innovative products in the 1940s, they were one of the first companies to provide health insurance to their employees and to give them bonuses. They took great care of their employees, which is also one of the reasons why the company has sunbathed until today in its success. In order to establish an effective cooperation agreement, there are other provisions that must be included in the treaty. Such as, for example, the provisions governing federal and national law to which the agreement is subject. This is essential information to determine the limits of its jurisdiction. You can also include the full and detailed project schedule in the contract.