Free Strategic Partnership Agreement Creator - Create Online



Strategic Partnership Agreement template
Strategic Partnership Agreement sample


What is Strategic Partnership Agreement?

Strategic Partnership Agreement Establishes terms for strategic business alliances, including goals, contributions, and management structure.



Sample template:



Strategic Partnership Agreement


This Strategic Partnership Agreement (the "Agreement") is entered into as of [Date], by and between Techsolutions Innovation INC., a [State] corporation ("Techsolutions"), and GreenTECH Energy Group, a [State] corporation ("GreenTECH") (collectively, the "Parties").

1. Purpose of the Strategic Partnership

1.1. Collaboration Goals


The purpose of this Agreement is to establish a strategic alliance between the Parties to collaborate on developing and promoting sustainable energy solutions for smart cities. The Parties agree to cooperate in good faith and engage in joint business and technological development efforts that further their mutual goal of bringing innovative, efficient, and sustainable energy solutions to market.



2. Contributions and Responsibilities

2.1. Techsolutions' Contributions


Techsolutions shall contribute its expertise in technology and software solutions, research and development resources, marketing and sales strategies, and other relevant industry knowledge, information, and assets to the strategic alliance. It shall provide necessary support such as technical know-how, training, and any necessary resources within its domain of expertise, subject to negotiated terms.



2.2. GreenTECH's Contributions


GreenTECH shall contribute its expertise in sustainable energy, research and development resources, an established network in the energy sector, marketing and sales strategies, and other relevant industry knowledge, information, and assets to the strategic alliance. GreenTECH shall provide necessary support such as market insights, technical knowledge, training, and access to its energy sector network, subject to negotiated terms.



2.3. Joint Responsibilities


The Parties shall jointly formulate a comprehensive strategic plan outlining the key objectives, milestones, targeted markets, and overall development strategy for the partnership. The Parties shall share responsibility for achieving the objectives, participating in joint research and development efforts, and allocating and providing required resources.



3. Profit-Sharing Arrangements

3.1. Revenue Sharing


The Parties agree to share any revenue generated from the sale, installation, operation, or other exploitation of the sustainable energy solutions resulting from the strategic alliance on an agreed upon percentage basis. Such percentage shall be subject to review and modification by mutual written agreement of the Parties, taking into account updated-defined market opportunities and contribution levels, and will be negotiated in good faith.



4. Decision-Making

4.1. Joint Executive Committee


The Parties shall establish a Joint Executive Committee ("JEC") to make decisions relating to the strategic alliance. The JEC shall consist of representatives from each Party and will convene periodically to review the strategic alliance’s progress, set objectives and guidelines, solve disputes, and facilitate collaboration between the Parties.



4.2. Voting and Procedures


Each Party shall have an equal number of votes on the JEC, and decisions shall be made by consensus or a simple majority vote. Any modifications to the strategic alliance or this Agreement shall be mutually agreed upon in writing by the Parties.



5. Term and Termination

5.1. Term


This Agreement shall commence on the Effective Date and remain in full force and effect for a period of [Number] years, unless terminated earlier by either Party in accordance with the provisions herein (the "Term"). The Parties may extend the Term by mutual written agreement.



5.2. Termination for Convenience


Either Party may terminate this Agreement, with or without cause, upon [Number] days' prior written notice to the other Party.



5.3. Termination for Breach


A Party may terminate this Agreement in the event the other Party materially breaches its obligations under this Agreement and does not cure such breach within [Number] days after receiving written notice thereof.



6. Governing Law and Dispute Resolution

6.1. Governing Law


This Agreement shall be governed by and construed in accordance with the laws of the United States and the laws of the State of [State] without regard to its conflict of law principles.



6.2. Dispute Resolution


Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or validity thereof, shall be resolved through good faith negotiations between the Parties. If the Parties are unable to resolve the dispute within [Number] days, the dispute shall be submitted to binding arbitration under the rules of the American Arbitration Association, and judgment on the award rendered by the arbitrator(s) may be entered into any court having jurisdiction thereof.



7. Miscellaneous

7.1. Entire Agreement


This Agreement, including its Annexes, constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior understandings, agreements, negotiations, and representations, whether oral or written. Neither Party has relied upon any representation or promise not contained herein in entering into this Agreement.



7.2. Amendments


This Agreement may be amended or modified only by a written document executed by the duly authorized representatives of both Parties.



7.3. Waiver


No waiver by either Party of any term or condition of this Agreement shall be deemed or construed as a waiver of such term or condition or of any other term or condition or of any subsequent breach thereof.



7.4. Notices


All notices, requests, consents, or other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered, sent by facsimile or email (with confirmation of transmission), or sent by registered or certified mail, postage prepaid, return receipt requested, addressed as follows:



Techsolutions Innovation INC.


[Address]


[City, State, Zip]


Email: [Email Address]



GreenTECH Energy Group


[Address]


[City, State, Zip]


Email: [Email Address]



[Signatures Page Follows]

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective authorized representatives as of the Effective Date set forth above.

Techsolutions Innovation INC. GreenTECH Energy Group
[Authorized Signature] [Authorized Signature]
[Printed Name] [Printed Name]
[Title] [Title]
[Date] [Date]

Ready to proceed?


Login to Create your Strategic Partnership Agreement now




Common Sections of a Strategic Partnership Agreement


In this Strategic Partnership Agreement, you will see the following sections:

  1. Purpose of the Strategic Partnership
  2. Contributions and Responsibilities
  3. Profit-Sharing Arrangements
  4. Decision-Making
  5. Term and Termination
  6. Governing Law and Dispute Resolution
  7. Miscellaneous


Analysis/Summary of each section

  1. Purpose of the Strategic Partnership : This section explains the main goal of the partnership, which is to collaborate on developing and promoting sustainable energy solutions for smart cities. Both parties agree to work together in good faith and engage in joint business and technological development efforts.

  2. Contributions and Responsibilities : This section outlines the specific contributions and responsibilities of each party. Techsolutions will provide expertise in technology and software solutions, while GreenTECH will contribute its expertise in sustainable energy. Both parties will also share joint responsibilities, such as formulating a strategic plan and allocating resources.

  3. Profit-Sharing Arrangements : This section details how the parties will share any revenue generated from the partnership. They agree to share revenue on an agreed-upon percentage basis, which can be reviewed and modified by mutual written agreement.

  4. Decision-Making : This section establishes a Joint Executive Committee (JEC) to make decisions related to the strategic alliance. The JEC will consist of representatives from each party and will convene periodically to review progress, set objectives, solve disputes, and facilitate collaboration.

  5. Term and Termination : This section specifies the duration of the agreement, which is set for a certain number of years, and the conditions under which either party can terminate the agreement. Termination can occur for convenience, with prior written notice, or for breach, if the breaching party does not cure the breach within a specified number of days.

  6. Governing Law and Dispute Resolution : This section states that the agreement will be governed by the laws of the United States and a specific state. It also outlines the process for resolving disputes, which includes good faith negotiations between the parties and, if necessary, binding arbitration under the rules of the American Arbitration Association.

  7. Miscellaneous : This section covers various additional provisions, such as the entire agreement clause, amendment procedures, waiver conditions, and the process for giving notices. It also includes the addresses and contact information for each party.

Ready to get started?

Create your Strategic Partnership Agreement now