This Strategic Alliance Agreement (hereinafter referred to as the “Agreement”) is effective as on Effective Date (hereinafter referred to as the “Effective Date”),
By and Between
Company A (hereinafter referred to as the “Company A”), and;
Company B (hereinafter referred to as the “Company B”).
Hereinafter, Company A and Company B shall be collectively referred to as the “Parties,” and individually as the “Party.”
WHEREAS, the Parties desire to enter into a regional alliance and aim at expanding into new markets while providing enhanced support services, and;
WHEREAS, the Agreement shall allow the Party's market to extend globally, providing them with capabilities and operations in all countries with equal authority as the other Party, and;
WHEREAS, the Parties desire to hold a likely equity transaction, without any obligation anywise.
NOW, THEREFORE, in consideration of the covenants, mutual representations, and terms contained herein, the Parties agree as follows:
(a) “Territory” shall mean region and extension of the alliance of the Parties and their subsidiaries in the State of Territory State.
(b) “Subsidiary” shall mean any corporation, association, well-known or limited partnership, limited liability company, trust, joint venture, organization, or other collateral entity with respect to the Parties.
(c) “Representatives” shall mean a Party's affiliates, directors, officers, employees, agents, funding bankers, attorneys, accountants, consultants, advisors, and other representatives.
(d) “Person” shall imply any individual, company, well-known or restricted partnership, limited liability company, trust, joint venture, estate, association, organization, or other governmental entity.
(e) “Products and Services” shall mean all the products and services offered by the Parties and its Subsidiaries within the Territory.
(f) “Customers” shall mean any entity or government located in the Territory the Parties may identify as a practicable user of their Products and Services.
The Parties sanction each other an exclusive, sublicensable, non-transferable, royalty-bearing, global license to make, have made, use, import, sell, and offer for sale licensed products, including the right for research and development.
The primary objectives for establishing the Agreement are mentioned below:
(a) To explore the variant synergy that can be understood while working together in the field of Specify Field of Expertise.
(b) To consider joint commercialization of new technology or product developed by pursuing joint research projects.
(c) To make individual Party's expertise available to both Parties in order to develop the business and enhance the quality of their Products and Services in their Territory.
(d) To explore commercial agreements for the mutual benefit of the Parties.
The Parties are prone to be aware of information or documentation, written or oral, that is considered confidential or unpublished in nature. The Parties shall agree to keep all confidential information obtained during this term of the Agreement as private unless authorized in writing by the other Party. This section shall survive the termination of the Agreement whatsoever.
This Agreement shall commence on the aforementioned date and continue for Agreement Term in Years year(s), with regular renewal for additional Renewal Term in Years year(s) unless the Agreement is terminated by either Party with a notice given Termination Notice Period in Days day(s) before the scheduled termination date.
Violation of terms and conditions stated in the Agreement and breach of any representation, warranty, or covenant make this Agreement vulnerable to be terminated with a given notice to the Parties provided their written consent.
All materials and property shall respectively remain the intellectual property of the Parties, and without any written notice provided, the exchange of any intellectual property during the course of the Agreement shall not be considered as an exchange of ownership, which would violate the terms of this Agreement.
The Parties shall not engage in, trade in, or assign any portion of the Agreement to any third-party entities without written consent during the term of this Agreement.
This Agreement shall be governed by and construed in accordance with the jurisdiction laws of the state of Governing Law.
As primary points of contact, the Parties shall assign a designated individual whose details will be noted in writing to both Parties.
In paradigms of loss, damages, injuries, etc., out of cases of willful negligence and misconduct, the Parties must indemnify and hold each other harmless.
The Agreement shall not imply any employment, joint venture, partnership, or franchise relationship among the Parties.
Any notice that is required by this Agreement shall be in writing and shall be given to the appropriate Party by personal delivery or certified mail, postage prepaid, or any such delivery service provided.
This is to state that the Agreement hereby is not liable to be reformed, amended, or modified without the written consent of both Parties. Violation of these may result in extreme legal charges. This Agreement may be executed in any number of counterparts, by facsimile or electronic signature or otherwise, each of which shall be authentic but all of which together shall aggregate singly to this Agreement.
This Agreement represents the final, complete, and exclusive Agreement between the Parties regarding the subject matter, and it replaces all prior and current agreements or understandings, whether written or verbal.
IN WITNESS WHEREOF, the undersigned Parties have duly executed the terms proposed herein in the Agreement as of the aforementioned date.
Company A
Company B
Name:
Name:
Signature:
Signature:
Date:
Date: