In the creation of joint ventures and alliances nonequity, key provisions are not stated that the above framework agreements and obligations of partners to each other. Key issues include initial discussions, joint ventures, parties, and the scope of the contract, the provisions, restrictions on partners, and responsibility. Although it is not always effective in practice, the confidentiality agreement or non-disclosure (NDA) may be desirable for the protection of both companies. This can be combined with blocking provisions that prevent one company from conducting parallel negotiations with a competitor. Especially important is the need to ensure that a legally binding agreement not to accidentally taken too early. After creating issues include changes to the contract, dispute resolution, the share of possession, and termination. Although lawyers play an important role, there is no clear dividing line separates the so-called legal and business issues, and business managers often need to be involved. An argument can be made for the involvement of managers who will actually be running the joint venture. Managers develop strategic alliances can be made more effective by increasing their awareness of some of the key aspects of the legal and negotiating a cooperation agreement. "Hide
by Elise Campbell, Jeffrey J. Reuer Source: Business Horizons 8 pages. Publication Date: January 15, 2001. Prod. #: BH057-PDF-ENG
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