Kanata, ON Strategic Alliances Attorneys

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Kanata, ON Strategic Alliances Attorneys

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Strategic Alliances in Kanata, ON

A strategic alliance occurs when two or more businesses or professionals agree to share resources and efforts while working toward a common goal, but at the same time remaining separate, independent entities. Strategic alliances should be mutually beneficial for each partner, but to increase the likelihood of success, it's prudent for partners to work with strategic alliance lawyers to create an agreement that outlines the operating goals and business objectives; details each partner's contributions to the alliance; explains how financial expenses will be allocated and revenue will be shared; addresses intellectual property issues; creates a dispute resolution process; and addresses the alliance wind-down process. Strategic alliance attorneys can also work with alliance partners in the event that litigation occurs.