Ads
related to: collaboration agreement between two companies
Search results
Results From The WOW.Com Content Network
A strategic alliance is an agreement between two or more players to share resources or knowledge, to be beneficial to all parties involved. It is a way to supplement internal assets, capabilities and activities, with access to needed resources or processes from outside players such as suppliers, customers, competitors, companies in different industries, brand owners, universities, institutes ...
Collaborative partnerships are agreements and actions made by consenting organizations to share resources to accomplish a mutual goal. Collaborative partnerships rely on participation by at least two parties who agree to share resources, such as finances, knowledge, and people.
Typically, two companies form a strategic partnership when each possesses one or more business assets or have expertise that will help the other by enhancing their businesses. This can also mean, that one firm is helping the other firm to expand their market to other marketplaces , by helping with some expertise.
In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
Investment: An investment alliance occurs when two companies agree to join their funds for mutual investment. Joint venture: A joint venture is an alliance that occurs when two or more companies agree to undertake economic activity together. In many cases, alliances between companies can involve two or more categories or types of alliances.
The transaction is part of BioNTech’s oncology strategy, which aims to enhance the company’s capabilities to research, develop, and commercialize combination therapies using BNT327/PM8002.