[{"data":1,"prerenderedAt":521},["ShallowReactive",2],{"document-press-release-new-partnership-collaboration-D1404":3},{"document":4,"label":26,"preview":11,"thumb":27,"thumb600":28,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":29,"breadcrumb":33,"related":39,"customDescModule":176,"customdescription":6,"mdFm":177,"mdProseHtml":520},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":25},"[YOUR COMPANY NAME] [YOUR COMPANY SLOGAN] [YOUR ADDRESS] [YOUR ADDRESS 2] [YOUR CITY], [YOUR STATE/PROVINCE] [YOUR ZIP/POSTAL CODE] [YOUR PHONE NUMBER] [YOUR WEBSITE ADDRESS] FOR IMMEDIATE RELEASE TYPE HEADLINE HERE Type sub-headline here City, State (June 19, 2022) - [YOUR COMPANY NAME] and [PARTNER] have signed a [type OF partnership] deal to [SPECIFY PARTNERSHIP GOAL/OBJECTIVES] OR [YOUR COMPANY NAME] today announced it has entered into a partnership with [PARTNER] to [SPECIFY PARTNERSHIP GOAL/OBJECTIVES]. This will help bring [YOUR COMPANY NAME] in a position to attract more customers OR to increase its market share OR to sell its products to new customers OR to better defend its territory against competitors OR to become [SPECIFY MILESTONE/ACCOMPLISHMENT]. [MENTION RARITY OR MAGNITUDE OF PARTNERSHIP IF WARRANTED]. [YOUR COMPANY NAME] is known in the [SPECIFY] industry for such products as [PRODUCT #1], [PRODUCT #2], and [PRODUCT #2]. \"We are very excited to work with [PARTNER],\" said [NAME], [TITLE], [YOUR COMPANY NAME]. \"Teaming up with [PARTNER] to provide [SPECIFY] OR to engage in [SPECIFY] is an exciting development for our company OR will enable us to [SPECIFY].\" ",null,"Press Release New Partnership-Collaboration","2",43,"doc","https://templates.business-in-a-box.com/imgs/1000px/press-release_new-partnership-collaboration-D1404.png","https://templates.business-in-a-box.com/imgs/250px/1404.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1404.xml",{"title":6,"description":6},[16,19,22],{"label":17,"url":18},"Sales & Marketing","/templates/sales-marketing/",{"label":20,"url":21},"Press & Media","/templates/press-media/",{"label":23,"url":24},"Press Releases","/templates/business-press-releases/","press release new partnership collaboration","Press Release New Partnership-Collaboration Template","https://templates.business-in-a-box.com/imgs/400px/1404.png","https://templates.business-in-a-box.com/imgs/600px/1404.png",[30,16,19,22],{"label":31,"url":32},"Templates","/templates/",[34,35,36],{"label":31,"url":32},{"label":17,"url":18},{"label":37,"url":38},"Press & PR","/templates/press-and-pr/",[40,44,48,52,56,60,64,68,72,76,80,84,88,104,121,135,149,162],{"label":41,"url":42,"thumb":43,"extension":10},"Press Release New Distribution Channel","/template/press-release-new-distribution-channel-D1403","https://templates.business-in-a-box.com/imgs/250px/1403.png",{"label":45,"url":46,"thumb":47,"extension":10},"Press Release Opening a New Office","/template/press-release-opening-a-new-office-D1405","https://templates.business-in-a-box.com/imgs/250px/1405.png",{"label":49,"url":50,"thumb":51,"extension":10},"Press Release Promotion of Employee","/template/press-release-promotion-of-employee-D1406","https://templates.business-in-a-box.com/imgs/250px/1406.png",{"label":53,"url":54,"thumb":55,"extension":10},"Press Release Company Won an Award","/template/press-release-company-won-an-award-D1402","https://templates.business-in-a-box.com/imgs/250px/1402.png",{"label":57,"url":58,"thumb":59,"extension":10},"Press Release New Website","/template/press-release-new-website-D749","https://templates.business-in-a-box.com/imgs/250px/749.png",{"label":61,"url":62,"thumb":63,"extension":10},"Press Release Company Has Completed a Merger","/template/press-release-company-has-completed-a-merger-D1396","https://templates.business-in-a-box.com/imgs/250px/1396.png",{"label":65,"url":66,"thumb":67,"extension":10},"Press Release Company Reports Quarter Results","/template/press-release-company-reports-quarter-results-D1401","https://templates.business-in-a-box.com/imgs/250px/1401.png",{"label":69,"url":70,"thumb":71,"extension":10},"Press Release Company Has Completed an Acquisition","/template/press-release-company-has-completed-an-acquisition-D1397","https://templates.business-in-a-box.com/imgs/250px/1397.png",{"label":73,"url":74,"thumb":75,"extension":10},"Press Release Company Has Received Financing","/template/press-release-company-has-received-financing-D1400","https://templates.business-in-a-box.com/imgs/250px/1400.png",{"label":77,"url":78,"thumb":79,"extension":10},"Press Release Company Has Reached a Milestone","/template/press-release-company-has-reached-a-milestone-D1399","https://templates.business-in-a-box.com/imgs/250px/1399.png",{"label":81,"url":82,"thumb":83,"extension":10},"Press Release Company Has Expanded its Facilities","/template/press-release-company-has-expanded-its-facilities-D1398","https://templates.business-in-a-box.com/imgs/250px/1398.png",{"label":85,"url":86,"thumb":87,"extension":10},"Collaboration Agreement","/template/collaboration-agreement-D13222","https://templates.business-in-a-box.com/imgs/250px/13222.png",{"description":89,"descriptionCustom":6,"label":90,"pages":91,"size":92,"extension":10,"preview":93,"thumb":94,"svgFrame":95,"seoMetadata":96,"parents":97,"keywords":102,"url":103},"CUSTOM SOFTWARE BUSINESS PARTNERSHIP AGREEMENT This Custom Software Business Partnership Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Partner\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] IN CONSIDERATION of the foregoing and the mutual covenants, terms and conditions hereinafter contained the parties agree as follows: PRODUCTS \"Product(s)\" means the application software specified on Exhibit \"A\" hereto and such other products as the parties may agree upon and add to this agreement in writing from time to time. Such software consists of: the computer programs encoded on software diskettes or other media in the form generally released by [SPECIFY]; and the user guides, reference manuals, and other materials developed by [SPECIFY] for distribution and use in combination with such computer programs. [SPECIFY] may discontinue developing, producing, licensing, or distributing, or may modify, replace, or add to, any of the Products at any time. [SPECIFY] may amend, without any advance notice to Partner, Exhibit \"A\" from time to time to reflect any such changes in the Products. APPOINTMENT OF PARTNER AND LICENSE Subject to the terms and conditions of this agreement, [SPECIFY] hereby appoints Partner as a non-exclusive \"[SPECIFY] Authorized Business Partner\", and grants a perpetual, non-transferable, non-exclusive right and license to Partner, to promote, market and distribute the Products to Partner's end-user customers solely from Partner's business location listed on Exhibit [SPECIFY] hereto (the \"Authorized Location\"), and Partner accepts such appointment and grant from [SPECIFY]. If Partner wishes to promote, market and/or distribute the Products from one or more locations other than the Authorized Location, Partner shall enter into a separate [SPECIFY] Partnership Authorization Agreement for each such location. Partner may not promote, market or distribute, or in any other way deal with, the Products from any location that is not an Authorized Location. MAINTAINING QUALIFICATION AS AN AUTHORIZED BUSINESS PARTNER To maintain its qualification as a \"[SPECIFY] Authorized Business Partner\", Partner must satisfy the [SPECIFY] Requirements and Policies for such qualification established by [SPECIFY] from time to time (the \"Requirements\") and pay the fees specified in section 11. The Requirements currently in effect are appended as Exhibit \"C\" hereto. PROGRAM LICENSE AGREEMENT Partner acknowledges that the license of the Products to its end-user customers shall be subject to the terms and conditions of [SPECIFY] program license agreement, which shall accompany each diskette package or other medium for the Products (the \"Program License Agreement\"). [SPECIFY] may change any provision of the Program License Agreement from time to time upon thirty days' advance notice to Partner. RESTRICTIONS ON PARTNER Training requirements Partner only may distribute Products for which it has completed [SPECIFY] required training courses. Program copies Partner shall not make copies of the Products except Partner may make copies for backup or archival purposes, and for demonstration purposes provided that such copies may be loaded only on hardware owned by Partner. No reverse engineering, etc. Without the prior written consent of [SPECIFY] Partner shall refrain from copying, reverse engineering, disassembling, decompiling, translating, or modifying the Products, or granting any other person or entity the right to do so. No source code access Partner may not receive, review, or otherwise use or have access to the source code for the Products without [SPECIFY] prior written consent. Products are permitted to be distributed by Partner in object code form only. No unauthorized access to third parties Partner shall not loan, rent, or provide access to the Products, for a fee or otherwise, to any third party for the purpose of any execution, use, or copying of such Products not authorized by the Program License Agreement. No unethical trade practices, etc At no time shall Partner engage in any illegal, deceptive or unfair trade or other practice that may adversely affect the image or reputation of [SPECIFY] or make any false, misleading or disparaging statement or representation regarding [SPECIFY] or any of the Products. Partner shall use only sound business methods and ethical trade practices in promoting, marketing and distributing the Products. PRICES, PAYMENT TERMS AND TAXES Prices The list prices for the Products shall be as set forth in [SPECIFY] Partner Price Schedule, as issued by [SPECIFY] from time to time. The price to be paid by Partner will be the then existing list price less the percentage discount based on the quantity of Products purchased by Partner. The current discounts are specified on Exhibit [SPECIFY] hereto. [INDIVIDUAL NAME], from time to time on [NUMBER] days' advance notice to Partner, may change the percentage discounts and the list price for any Products not yet the subject of an order submitted and accepted hereunder. No change will apply to Products for which [SPECIFY] has received and accepted an order before the date on which the change is effective. Payment terms Unless otherwise agreed or changed on [NUMBER] days' advance notice given by [SPECIFY] to Partner, payments are to be made in [COUNTRY]. Until [SPECIFY] approves Partner's right to credit after Partner submits an application therefore to [SPECIFY] Partner shall pay for all Products in advance. If [SPECIFY] approves Partner's credit, payment terms shall be net [NUMBER] days after shipment. Payments received more than [NUMBER] days after the invoice date are subject to a [PERCENTAGE %] per month ([PERCENTAGE %] per annum) service charge, which shall in no event exceed the maximum rate permitted by law. [SPECIFY] may change the credit terms extended to Partner if there is a change in Partner's overall credit history or rating or as a result of Partner's failure to make prompt payment under this agreement. All amounts paid to [SPECIFY] by Partner hereunder are non-refundable, except as provided herein. [SPECIFY] may withhold the provision of any service or shipment of any Product covered by this agreement or any other agreement between [SPECIFY] and Partner if Partner fails to pay [SPECIFY] when due under this agreement or any of such other agreements. Such action on the part of [SPECIFY] shall not release Partner from its obligations to pay for such service or Product if and when provided or shipped by [SPECIFY]. Taxes Partner shall be responsible for and shall pay and remit any and all applicable taxes, customs duties, and all other government imposts or levies imposed on the licensing, use or transfer of the Products under or resulting from this agreement (except for taxes payable by [SPECIFY] that are imposed on its net income or capital), and for any penalty or interest thereon or imposed for the non-payment or non-remittance thereof. For greater certainty, all goods and services tax or value-added tax and any sales, use or transfer tax arising in connection with or as a result of this agreement shall be paid to [SPECIFY] or remitted by Partner as required under applicable [YOUR COUNTRY LAW]. ","Custom Software Business Partnership Agreement","15",127,"https://templates.business-in-a-box.com/imgs/1000px/custom-software-business-partnership-agreement-D786.png","https://templates.business-in-a-box.com/imgs/250px/786.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#786.xml",{"title":6,"description":6},[98,101],{"label":99,"url":100},"Software & Technology","software-technology-business",{"label":99,"url":100},"custom software business partnership agreement","/template/custom-software-business-partnership-agreement-D786",{"description":105,"descriptionCustom":6,"label":106,"pages":107,"size":108,"extension":10,"preview":109,"thumb":110,"svgFrame":111,"seoMetadata":112,"parents":114,"keywords":119,"url":120},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","3",513,"https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":113,"description":6},"letter of intent_acquisition of business",[115,118],{"label":116,"url":117},"Legal Agreements","business-legal-agreements",{"label":116,"url":117},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":122,"descriptionCustom":6,"label":123,"pages":107,"size":108,"extension":10,"preview":124,"thumb":125,"svgFrame":126,"seoMetadata":127,"parents":129,"keywords":128,"url":134},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":128,"description":6},"non disclosure agreement nda",[130,131],{"label":116,"url":117},{"label":132,"url":133},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":136,"descriptionCustom":6,"label":137,"pages":138,"size":139,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":144,"keywords":147,"url":148},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. 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In particular, this MOU in intended to [SPECIFY OR DESCRIBE THE WAY IN WHICH THE PARTIES WILL COLLABORATE]. BACKGROUND [Brief description of the parties involved in the MOU with mention of any current/historical ties to this project] [PARTY A] RESPONSIBILITIES UNDER THIS MOU [PARTY A] shall undertake the following activities: [SPECIFY AND EXPLAIN] [PARTY B] RESPONSIBILITIES UNDER THIS MOU [Party B] shall undertake the following activities: [SPECIFY AND EXPLAIN] UNDERSTANDINGS","Memorandum of Understanding","https://templates.business-in-a-box.com/imgs/1000px/memorandum-of-understanding-D12548.png","https://templates.business-in-a-box.com/imgs/250px/12548.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12548.xml",{"title":156,"description":6},"memorandum of understanding",[158,159],{"label":116,"url":117},{"label":116,"url":117},"memorandum understanding","/template/memorandum-of-understanding-D12548",{"description":163,"descriptionCustom":6,"label":164,"pages":165,"size":166,"extension":10,"preview":167,"thumb":168,"svgFrame":169,"seoMetadata":170,"parents":171,"keywords":174,"url":175},"STRATEGIC ALLIANCE AND SUPPLY AGREEMENT This Confidential Instructions: Strategic Alliance and Supply Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Second Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] THIS AGREEMENT is made as of [DATE] (the \"Effective Date\"), by [YOUR COMPANY NAME], a [YOUR STATE/PROVINCE] corporation (\"First Party\"), and [COMPANY NAME], a [STATE/PROVINCE] corporation (\"Second Party\"), with reference to the following circumstances: The parties desire to provide for the supply by First Party of certain products to all the [SPECIFY] stores currently open and that will be opened by Second Party or any subsidiary or affiliate of Second Party during the term of this Agreement in the [COUNTRY] and the [COUNTRY] (collectively, the \"Stores\"). The Stores open on the Effective Date are listed by number on Schedule A to this Agreement. The First Party Distribution Centers (the \"Distribution Centers\") initially designated to service primarily each of the Stores are opposite the Store served by such Distribution Center listed on Schedule A. The objective of this Agreement is to create a strategic alliance between First Party and Second Party to merchandise, procure and distribute [SPECIFY] products in the most cost efficient manner. The parties desire to provide for the joint exploration, evaluation, and implementation of practices and procedures to reduce total supply chain costs and allow each party to equitably share the benefits of such practices and procedures. The parties agree as follows: PRODUCT PROCUREMENT AND PRICING Procurement Services Subject to the terms and conditions of this Agreement, the First Party will be the sole provider to the Stores of certain categories of warehouse delivered products listed on Schedule 1.1 (collectively, the \"Products\"), except for the following: (i) typical direct to Store shipments, (ii) all existing contractual arrangements of Second Party with [COMPANY NAME][COMPANY NAME] and [COMPANY NAME] (the \"Second Party Existing Arrangements\"), and other arrangements with third parties relating to the procurement and supply of Products (the \" Second Party Additional Arrangements\"), (iii) Products that First Party decides not to source or carry, (iv) local orders that First Party decides not to source or carry, (v) annually, a basket of up to [%] of annual purchases of Products under this Agreement for each year after the Transition Period, and with respect to the Transition Period, a reasonable estimate by the parties of [%] of purchases under this Agreement during the Transition Period, (vi) Products used or offered by Second Party in the restaurants in the Stores, and (vii) as contemplated by Section 1.5. Second Party will be permitted to procure large block buys of Products for the Stores and the Joint Venture Stores for the [DESCRIBE] which purchases shall count against the [%] basket contemplated in the immediately preceding sentence. Because the intent of the parties is to work together to further reduce the cost of goods, for so long as this Agreement remains in effect, First Party's central procurement organization will be in a position to negotiate the price of Products for the total volume of the Stores and the Joint Venture Stores. Subject to the terms and conditions of this Agreement, Second Party will carry First Party private label brands as the exclusive private label brand in the Stores for Product categories covered by this Agreement, to the extent consistent with Store format. First Party shall maintain and operate in accordance with prudent business practices its central procurement organization for procurement under this Agreement and shall procure and pay for all Products acquired to meet the anticipated needs of Second Party for the Stores. Such needs shall be estimated based upon (a) historic and forecasted Product turn information and (b) advance estimates of promotional volumes, as provided by Second Party to First Party from time to time during the term of this Agreement. The procurement services to be provided hereunder shall include purchasing (and paying for) Products procured hereunder, and owning the inventory of Products. With respect to consignment Products, the procurement services hereunder shall include the right of First Party to transfer title thereto to Second Party. Future Procurement; Fuel Within [NUMBER] days after the Effective Date, the parties shall conduct good faith negotiations to expand the categories of Products covered by this Agreement to include [DESCRIBE] (\"[SPECIFY BRAND NAME]\"), and general merchandise (\"GMD\") described on Schedule 1.2A (collectively, the \"Additional Products\"). The parties shall also conduct good faith negotiations with respect to the potential expansion of the categories of Products covered by this Agreement to cover Store supplies within [NUMBER] days following the Effective Date. First Party shall cause its wholly owned subsidiary, [SPECIFY] (\"[SPECIFY NAME]\") to enter into a Supply Agreement for the sale of fuel and other services to Second Party owned or operated fuel centers in accordance with terms set forth on Schedule 1.2B and such other terms as are usual and customary for fuel supply agreements of this nature within [NUMBER] days after the Effective Date. First Party shall guarantee [SPECIFY]'s performance of its obligations under such Supply Agreement. If First Party fails to cause [SPECIFY] to enter into a Supply Agreement upon the terms set forth herein within the [NUMBER] day period following the Effective Date, then, at Second Party's option, the provisions of Schedule 1.2B shall constitute a binding agreement between Second Party and First Party, whereby First Party shall have all the rights, duties and obligations of [SPECIFY] pursuant to the terms of Schedule 1.2B; provided, however, that in addition to the foregoing, Second Party shall be entitled to be indemnified and held harmless by First Party on terms usual and customary for fuel supply agreements. (CONFIDENTIAL).- The parties acknowledge that the realization of such benefits may require, among other things, implementing programs for the purchase of Additional Products for Second Party and the Joint Venture Stores, the First Party Stores and independent contractors serviced by First Party (any such programs, an \"Additional Program\"). The parties agree that if First Party unreasonably refuses to implement any Additional Program proposed by Second Party, First Party shall not be entitled to any adjustment of the Logistics Fee under this Section 1.2.2. (CONFIDENTIAL) Product Pricing First Party, with input, participation and strategic direction from Second Party, will have primary responsibility for the negotiation with vendors of Products with respect to the costs therefore to meet the anticipated needs of Second Party based upon historic and forecasted turn movement and Second Party provided advance estimates of promotional volumes. Second Party will be given reasonable notice of all major program negotiations with any vendors and will be permitted to participate in such negotiations. If Second Party so elects, it may provide input and strategic direction whether or not it actually participates in such negotiations. No pricing arrangement with respect to any major program with vendors for Products procured exclusively for Second Party or the Joint Venture Stores shall apply to the procurement of Products hereunder unless Second Party expressly agrees thereto","Strategic Alliance and Supply Agreement","38",235,"https://templates.business-in-a-box.com/imgs/1000px/strategic-alliance-and-supply-agreement-D5205.png","https://templates.business-in-a-box.com/imgs/250px/5205.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5205.xml",{"title":6,"description":6},[172,173],{"label":116,"url":117},{"label":116,"url":117},"strategic alliance supply agreement","/template/strategic-alliance-and-supply-agreement-D5205",false,{"seo":178,"reviewer":191,"quick_facts":195,"at_a_glance":198,"personas":202,"variants":227,"glossary":252,"clauses":286,"how_to_fill":337,"common_mistakes":378,"faqs":403,"industries":431,"comparisons":448,"diy_vs_lawyer":463,"jurisdictions":476,"related_template_ids_curated":497,"schema":507,"classification":508},{"meta_title":179,"meta_description":180,"primary_keyword":181,"secondary_keywords":182},"Press Release New Partnership Collaboration Template (Free Word)","Free press release template for announcing a new business partnership or collaboration. Covers all key details, quotes, and boilerplate. Used in 190+ countries. Free Word and PDF download.","press release new partnership collaboration template",[183,184,185,186,187,188,189,190],"partnership announcement press release template","business collaboration press release template","new partnership press release sample","joint venture announcement template","partnership press release word","press release template free download","collaboration announcement template","strategic alliance press release",{"name":192,"credential":193,"reviewed_date":194},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":196,"legal_review_recommended":197,"signature_required":197},"medium",true,{"what_it_is":199,"when_you_need_it":200,"whats_inside":201},"A Press Release New Partnership Collaboration is a formal written announcement issued jointly by two or more organizations to inform media, stakeholders, and the public of a newly formed business partnership or collaboration. This free Word download gives you a structured, publication-ready template you can edit online and export as PDF — covering all essential announcement elements from headline to boilerplate.\n","Issue it when two or more organizations have finalized a partnership, strategic alliance, joint venture, or formal collaboration agreement and are ready to announce the arrangement to external audiences. Timing is typically coordinated with the signing of the underlying partnership agreement.\n","Headline and dateline, lead paragraph summarizing the partnership, supporting body paragraphs with deal context and strategic rationale, attributed executive quotes from both organizations, details of the collaboration's scope and benefits, call to action, media contact information, and boilerplate descriptions for each organization.\n",[203,207,211,215,219,223],{"title":204,"use_case":205,"icon_asset_id":206},"PR and communications managers","Drafting and distributing a media announcement for a newly signed partnership","persona-pr-manager",{"title":208,"use_case":209,"icon_asset_id":210},"Startup founders","Announcing a strategic alliance with an established brand to build credibility","persona-startup-founder",{"title":212,"use_case":213,"icon_asset_id":214},"Business development directors","Publicizing a channel partner or distribution deal to attract additional partners","persona-business-development",{"title":216,"use_case":217,"icon_asset_id":218},"Marketing executives","Coordinating a joint go-to-market announcement across both partner brands","persona-marketing-executive",{"title":220,"use_case":221,"icon_asset_id":222},"Corporate communications officers","Issuing a board-approved announcement of a major strategic collaboration","persona-corporate-communications",{"title":224,"use_case":225,"icon_asset_id":226},"Small business owners","Announcing a local or regional partnership without an in-house communications team","persona-small-business-owner",[228,232,235,238,242,246,249],{"situation":229,"recommended_template":230,"slug":231},"Announcing a formal joint venture with shared equity and governance","Press Release Joint Venture Announcement","press-release-new-partnership-collaboration-D1404",{"situation":233,"recommended_template":234,"slug":231},"Publicizing a technology integration or API partnership","Press Release Technology Partnership",{"situation":236,"recommended_template":237,"slug":231},"Announcing a nonprofit or community collaboration","Press Release Nonprofit Partnership",{"situation":239,"recommended_template":240,"slug":241},"Announcing a distribution or reseller agreement","Press Release Distribution Agreement","press-release-new-distribution-channel-D1403",{"situation":243,"recommended_template":244,"slug":245},"Announcing a merger or acquisition alongside a partnership","Press Release Merger and Acquisition","press-release-company-has-completed-a-merger-D1396",{"situation":247,"recommended_template":248,"slug":231},"Announcing a new product launch co-developed with a partner","Press Release New Product",{"situation":250,"recommended_template":251,"slug":231},"Announcing an executive appointment resulting from a partnership deal","Press Release Executive Appointment",[253,256,259,262,265,268,271,274,277,280,283],{"term":254,"definition":255},"Dateline","The city and date appearing at the start of the press release body that establishes when and where the announcement originates.",{"term":257,"definition":258},"Lead Paragraph","The opening paragraph of a press release that answers the five Ws — who, what, when, where, and why — in two to three sentences.",{"term":260,"definition":261},"Boilerplate","A standardized paragraph at the end of a press release that provides a brief, approved description of each organization and is reused across all releases.",{"term":263,"definition":264},"Quote Attribution","A named executive statement included in the release to add credibility and a human voice — both partners typically provide one attributed quote.",{"term":266,"definition":267},"For Immediate Release","A header phrase indicating the press release may be published by media outlets as soon as it is received, with no embargo in effect.",{"term":269,"definition":270},"Embargo","A mutual agreement between the issuing organizations and media contacts that the release will not be published before a specified date and time.",{"term":272,"definition":273},"Call to Action (CTA)","A sentence or short paragraph directing readers to a website, contact, or event for more information about the announced partnership.",{"term":275,"definition":276},"Media Contact Block","The section listing the name, phone number, and email address of the PR representative at each organization who can field media inquiries.",{"term":278,"definition":279},"Strategic Alliance","A formal arrangement between two or more independent organizations to pursue a defined set of shared objectives while remaining legally separate entities.",{"term":281,"definition":282},"Joint Venture","A business arrangement in which two or more parties create a separate legal entity or project to share resources, risks, and profits for a specific purpose.",{"term":284,"definition":285},"Mutual Non-Disclosure Agreement (MNDA)","A bilateral confidentiality agreement often executed alongside or prior to a partnership announcement to protect each party's proprietary information.",[287,292,297,302,307,312,317,322,327,332],{"name":288,"plain_english":289,"sample_language":290,"common_mistake":291},"Headline","The single-line title of the press release that conveys the announcement in plain language, names both organizations, and signals the nature of the partnership.","[COMPANY A] and [COMPANY B] Announce Strategic Partnership to [DELIVER OUTCOME] for [TARGET MARKET]","Writing a headline that names only one organization. Omitting the partner's name reduces pickup by media covering the other company and can create goodwill issues between partners.",{"name":293,"plain_english":294,"sample_language":295,"common_mistake":296},"Dateline and release status","States the city of origin, the release date, and whether the announcement is for immediate release or under embargo until a specified date and time.","FOR IMMEDIATE RELEASE — [CITY], [STATE/COUNTRY], [DATE] — [COMPANY A], a leading provider of [DESCRIPTION], today announced a new partnership with [COMPANY B]...","Omitting the embargo date when one is in effect. A release distributed to media without a clear embargo notation risks premature publication, which can violate the underlying partnership agreement and damage press relationships.",{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Lead paragraph","The opening paragraph that summarizes the who, what, when, where, and why of the partnership in two to three sentences — written so it could stand alone as a complete announcement.","[COMPANY A] and [COMPANY B] today announced a [TYPE OF PARTNERSHIP] designed to [STATED GOAL]. The partnership will [DESCRIBE PRIMARY ACTIVITY OR BENEFIT], effective [DATE], and is expected to serve [TARGET CUSTOMER SEGMENT] across [GEOGRAPHIC SCOPE].","Burying the partnership type or benefit in the third paragraph. Journalists read only the lead; if the core news is not in the first three sentences, the release rarely generates coverage.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Strategic rationale and background","One or two paragraphs explaining why the partnership was formed, what market need it addresses, and what each organization contributes to the collaboration.","The partnership combines [COMPANY A]'s expertise in [CAPABILITY] with [COMPANY B]'s established [ASSET OR CHANNEL], enabling both organizations to [OUTCOME]. This collaboration responds to growing demand for [MARKET TREND OR CUSTOMER NEED] in the [INDUSTRY] sector.","Filling this section with promotional language about each company's products rather than explaining the partnership's purpose. Editors cut promotional copy; strategic context is what survives to publication.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Executive quotes","Attributed statements from a senior representative at each organization — typically CEO or VP level — that provide a human perspective on the partnership's significance and goals.","'This partnership reflects our commitment to [STRATEGIC PRIORITY],' said [NAME], [TITLE] of [COMPANY A]. 'By combining our strengths with [COMPANY B], we can [SPECIFIC BENEFIT] for our customers.' Added [NAME], [TITLE] of [COMPANY B]: '[COMPLEMENTARY STATEMENT ABOUT PARTNERSHIP VALUE].'","Using generic quotes like 'We are excited to partner with this industry leader.' Quotes that could apply to any partnership are routinely cut by editors. Quotes should reference a specific capability, outcome, or customer group.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Partnership scope and deliverables","Describes the specific activities, products, services, or markets covered by the collaboration, including timelines or milestones where appropriate.","Under the agreement, [COMPANY A] will [SPECIFIC CONTRIBUTION OR ACTIVITY] while [COMPANY B] will [SPECIFIC CONTRIBUTION OR ACTIVITY]. The partnership will initially focus on [GEOGRAPHIC MARKET OR CUSTOMER SEGMENT], with plans to expand to [FUTURE SCOPE] by [DATE OR MILESTONE].","Disclosing confidential commercial terms — revenue shares, minimum purchase commitments, or exclusivity provisions — in the press release. These terms should remain in the underlying partnership agreement and be omitted from any public announcement.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Customer and market benefits","A short paragraph articulating what the partnership means for customers, end users, or the broader market — concrete outcomes rather than organizational benefits.","Customers of [COMPANY A] and [COMPANY B] will now have access to [COMBINED OFFERING OR INTEGRATED SERVICE], reducing [PAIN POINT] and enabling [POSITIVE OUTCOME]. The combined solution is available [DESCRIBE AVAILABILITY — via both platforms / through authorized resellers / starting DATE].","Describing benefits only from the organizations' perspective ('both companies will benefit from increased market reach') rather than from the customer's perspective. Media and readers care about the end-user impact, not the firms' revenue ambitions.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Call to action and additional information","Directs interested readers, customers, or media contacts to a URL, event, or contact point for more information about the partnership.","For more information about the partnership and its offerings, visit [URL] or contact [MEDIA CONTACT NAME] at [EMAIL]. [Optional: Both companies will jointly present at [EVENT NAME] on [DATE] at [LOCATION].]","Linking to a generic homepage rather than a dedicated partnership landing page or press kit. Journalists who cannot find specific information within 30 seconds typically abandon the story.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Media contact block","Provides the full name, title, phone number, and email address of the PR or communications contact at each organization who is authorized to respond to media inquiries.","Media Contact — [COMPANY A]: [CONTACT NAME], [TITLE] | [PHONE] | [EMAIL]\nMedia Contact — [COMPANY B]: [CONTACT NAME], [TITLE] | [PHONE] | [EMAIL]","Listing only one organization's media contact. Journalists covering both companies need a direct point of contact at each organization; a single contact creates a bottleneck and risks delayed or unbalanced coverage.",{"name":333,"plain_english":334,"sample_language":335,"common_mistake":336},"Boilerplate descriptions","A standardized two-to-four sentence description of each organization — their industry, what they do, who they serve, and a relevant credential — placed at the end of the release under an 'About' heading.","About [COMPANY A]: [COMPANY A] is a [LOCATION]-based [DESCRIPTION OF BUSINESS] serving [CUSTOMER SEGMENT]. Founded in [YEAR], the company [KEY CREDENTIAL OR ACHIEVEMENT]. More information is available at [URL].\n\nAbout [COMPANY B]: [COMPANY B] is a [LOCATION]-based [DESCRIPTION OF BUSINESS]...","Pasting the company's full marketing bio into the boilerplate. Boilerplates should be four sentences maximum and focus on facts — size, founding year, customer base, and one verifiable credential — not promotional claims.",[338,343,348,353,358,363,368,373],{"step":339,"title":340,"description":341,"tip":342},1,"Agree on key messages with your partner before drafting","Align with the partner organization on the core announcement — partnership type, primary benefit, target audience, and any details that are off-limits for public disclosure. Document this alignment in writing before a single word is drafted.","A shared one-page brief with agreed talking points signed off by both PR teams eliminates revision cycles caused by one partner objecting to framing after the fact.",{"step":344,"title":345,"description":346,"tip":347},2,"Draft the headline with both organization names","Write a headline that names both companies, states the type of partnership, and hints at the customer benefit. Keep it under 12 words for media use.","Test the headline by sending it to someone unfamiliar with the deal — if they cannot identify what was announced after reading it once, rewrite it.",{"step":349,"title":350,"description":351,"tip":352},3,"Write the lead paragraph to stand alone","Answer who, what, when, where, and why in the first three sentences. Write it so that a journalist could publish just the lead paragraph and the story would still make sense.","Read trade publications in your industry to calibrate the tone — B2B tech announcements read differently from manufacturing or healthcare partnership releases.",{"step":354,"title":355,"description":356,"tip":357},4,"Collect and approve executive quotes from both sides","Request a quote from a named senior executive at each organization. Each quote should reference a specific aspect of the collaboration — not a generic expression of enthusiasm. Obtain written approval from each executive before the release is distributed.","Draft a suggested quote for each executive to react to rather than asking for a quote from scratch — executives approve and refine much faster than they originate.",{"step":359,"title":360,"description":361,"tip":362},5,"Define scope without disclosing confidential terms","Describe what each party will contribute and what the collaboration covers geographically and by customer segment. Explicitly exclude any financial terms, revenue arrangements, or exclusivity provisions that are governed by the underlying agreement.","Have legal review the scope paragraph before distribution to confirm no confidential terms from the partnership agreement have been inadvertently included.",{"step":364,"title":365,"description":366,"tip":367},6,"Update both organizations' boilerplate descriptions","Use the most current approved boilerplate for each organization — confirm with each partner's communications team that the version in the template is up to date. Boilerplates often lag product pivots or rebrandings by months.","Store approved boilerplate text in a shared document that both teams update quarterly so it is always current for announcement use.",{"step":369,"title":370,"description":371,"tip":372},7,"Set the release status and distribution date","Decide whether the release is for immediate distribution or under embargo. If embargoed, state the exact date and time (including time zone) prominently at the top. Distribute to wire services and media contacts no earlier than the agreed date.","Coordinate the wire distribution time with both organizations' social media teams so announcement posts go live within 15 minutes of the wire pickup.",{"step":374,"title":375,"description":376,"tip":377},8,"Obtain final sign-off from both organizations before distribution","Route the final draft to authorized approvers at both organizations — typically the communications lead and a legal or compliance reviewer. Document approvals by email or eSign before any distribution occurs.","Build a 48-hour review window into the project timeline. Last-minute changes to quotes or scope language after wire submission trigger costly corrections.",[379,383,387,391,395,399],{"mistake":380,"why_it_matters":381,"fix":382},"Issuing the release before the partnership agreement is signed","Announcing a partnership that has not yet been formally executed creates legal and reputational risk if the deal subsequently falls through. Media corrections and partner disputes are both difficult to manage after publication.","Establish a firm policy that no partnership press release is distributed until both parties have executed the underlying agreement. Use the signing date as the earliest possible release date.",{"mistake":384,"why_it_matters":385,"fix":386},"Disclosing confidential commercial terms in the release","Revenue-share percentages, exclusivity provisions, or minimum purchase commitments published in a press release become public record, potentially alerting competitors and creating obligations neither party intended to disclose.","Have legal review the final draft against the signed partnership agreement to confirm that every dollar figure, percentage, and commercial term in the release is either publicly known or explicitly approved for disclosure.",{"mistake":388,"why_it_matters":389,"fix":390},"Omitting the partner's media contact from the release","Journalists who cannot reach a contact at one of the two announcing organizations often publish only one side of the story, which can damage the omitted partner's relationship with both media and the other organization.","Include a named, reachable media contact — name, direct phone, and email — for each organization in the release, and confirm both contacts are available to respond on the day of distribution.",{"mistake":392,"why_it_matters":393,"fix":394},"Using generic executive quotes that add no news value","Quotes like 'We are thrilled to partner with an industry leader' are cut by virtually every editor because they provide no information. A release stripped of its quotes loses credibility and reads like a product brochure.","Require each quote to reference a specific capability, customer outcome, or market opportunity. If an executive cannot provide a specific quote, draft a specific one for their approval rather than accepting a generic placeholder.",{"mistake":396,"why_it_matters":397,"fix":398},"Failing to obtain written approval from both organizations before distribution","Distributing a release without documented sign-off from both parties leaves the issuing organization exposed to breach of the partnership agreement if the announcement deviates from agreed messaging.","Use an email confirmation thread or eSign workflow to capture approval from the authorized representative at each organization. Retain this documentation for the life of the partnership.",{"mistake":400,"why_it_matters":401,"fix":402},"Publishing the release without coordinating internal and partner communications","Employees, customers, or investors who learn about the partnership from a media article before receiving any internal communication lose confidence in the organization's transparency and planning.","Send internal communications and partner-facing notifications at least one hour before the wire release goes live so stakeholders hear the news directly rather than through a third-party outlet.",[404,407,410,413,416,419,422,425,428],{"question":405,"answer":406},"What is a press release for a new partnership or collaboration?","A press release for a new partnership is a formal, jointly issued announcement that informs media, customers, and stakeholders that two or more organizations have entered a business collaboration or strategic alliance. It summarizes the partnership's purpose, scope, and customer benefits, includes attributed quotes from executives at both organizations, and provides contact information for media follow-up. It is typically distributed via newswire and direct media outreach simultaneously.\n",{"question":408,"answer":409},"When should a partnership press release be issued?","Issue the press release on or after the date the underlying partnership agreement is fully executed — not before. Timing is typically coordinated with both organizations' PR teams to maximize media pickup, often targeting Tuesday through Thursday mornings in the primary market's time zone. If an industry event or trade show is relevant, timing the release to coincide with it increases earned media exposure significantly.\n",{"question":411,"answer":412},"Does a partnership press release require legal review?","Yes, in most cases. The release must not inadvertently disclose confidential commercial terms from the underlying partnership agreement, and the scope language must be consistent with what the agreement actually covers. In regulated industries — financial services, healthcare, defense — legal review is mandatory. Even for standard commercial partnerships, a 30-minute legal review against the signed agreement is a worthwhile precaution.\n",{"question":414,"answer":415},"What should a partnership press release not include?","Do not include financial terms such as revenue shares, deal values, or minimum purchase commitments unless both parties have explicitly agreed to disclose them. Avoid exclusivity provisions, non-compete language, or termination conditions — these are governed by the underlying agreement and should remain confidential. Generic promotional claims and unverifiable superlatives should also be removed before distribution.\n",{"question":417,"answer":418},"How long should a partnership press release be?","Standard practice is 400 to 600 words, or roughly one to one-and-a-half pages. Releases exceeding 800 words are rarely read in full by journalists and should be condensed. Supporting detail — product specifications, executive bios, and background data — belongs in an attached press kit or linked media page, not in the release body itself.\n",{"question":420,"answer":421},"Who should sign off on a partnership press release?","At minimum, the authorized communications lead and a legal or compliance reviewer from each organization should approve the final draft in writing before any distribution. For publicly traded companies, the investor relations and general counsel teams are typically required approvers. Document all approvals by email or eSign and retain them for the life of the partnership.\n",{"question":423,"answer":424},"What is the difference between a partnership press release and a joint venture announcement?","A partnership press release announces a formal collaboration between two independent organizations that remain legally separate. A joint venture announcement describes the creation of a new, separate legal entity owned by two or more parent organizations. Joint venture announcements typically require more detailed legal disclosure, may trigger regulatory reporting obligations, and often involve securities counsel review before distribution.\n",{"question":426,"answer":427},"Can a press release announcing a partnership be issued by only one party?","Technically yes, but it is poor practice without the other party's written consent. Issuing a partnership announcement unilaterally can violate a confidentiality or mutual announcement clause in the partnership agreement, damage the relationship with the partner, and expose the issuing organization to breach of contract claims. Always issue partnership announcements jointly or with documented written consent from the other party.\n",{"question":429,"answer":430},"How does a partnership press release differ from a partnership agreement?","A partnership press release is an external communication document — it announces the collaboration to the public and media but creates no legal obligations between the parties. A partnership agreement is a binding contract that defines each party's rights, duties, financial arrangements, IP ownership, termination rights, and dispute resolution. The press release is derived from the agreement; the agreement governs the actual relationship.\n",[432,436,440,444],{"industry":433,"icon_asset_id":434,"specifics":435},"Technology / SaaS","industry-saas","Technology partnership releases commonly announce API integrations, co-selling agreements, or platform ecosystem expansions, and must avoid disclosing proprietary technical architecture or pricing API tiers.",{"industry":437,"icon_asset_id":438,"specifics":439},"Healthcare and Life Sciences","industry-healthtech","Healthcare partnership announcements require compliance review against FDA, HIPAA, and advertising regulations, and must avoid implying clinical efficacy claims not supported by published evidence.",{"industry":441,"icon_asset_id":442,"specifics":443},"Financial Services","industry-fintech","Financial services releases must comply with SEC, FCA, or equivalent disclosure rules for material partnerships, and publicly traded companies may be required to file the release as a Form 8-K or regulatory equivalent.",{"industry":445,"icon_asset_id":446,"specifics":447},"Manufacturing and Supply Chain","industry-manufacturing","Manufacturing partnership announcements often involve supply exclusivity or distribution territory details that must be carefully omitted from the public release while still communicating the scope of the collaboration.",[449,452,456,460],{"vs":244,"vs_template_id":450,"summary":451},"press-release-merger-acquisition-D1401","A merger and acquisition press release announces a structural change in ownership — one entity acquiring or merging with another — which typically triggers securities disclosure obligations and regulatory review. A partnership press release announces a collaboration between organizations that remain legally independent. M&A releases involve securities counsel; partnership releases typically require only legal and communications review.",{"vs":453,"vs_template_id":454,"summary":455},"Partnership Agreement","business-partnership-agreement-D166","A partnership agreement is the binding legal contract that creates enforceable obligations between the parties — covering contributions, profit sharing, IP ownership, and termination rights. A press release is a public communication document with no contractual force. The press release is issued after the agreement is signed and must not contradict or disclose the agreement's confidential terms.",{"vs":457,"vs_template_id":458,"summary":459},"Letter of Intent (LOI)","letter-of-intent-D163","A letter of intent signals preliminary agreement on partnership terms before a binding agreement is finalized. It is a private, pre-execution document — issuing a press release at the LOI stage is premature and risky because the deal has not closed. The press release belongs after the binding agreement is signed, not after the LOI.",{"vs":248,"vs_template_id":461,"summary":462},"press-release-new-product-D1399","A new product press release announces a single organization's product launch — it has one issuing party, one boilerplate, and one media contact. A partnership press release has two issuing organizations, requires coordinated approvals from both, and must balance each party's messaging and brand voice. The coordination and approval complexity is significantly higher for a partnership announcement.",{"use_template":464,"template_plus_review":468,"custom_drafted":472},{"best_for":465,"cost":466,"time":467},"Standard commercial partnerships between private companies where no regulated industry obligations apply","Free","2–4 hours to draft and collect approvals",{"best_for":469,"cost":470,"time":471},"Partnerships involving publicly traded companies, regulated industries, or exclusivity and IP considerations","$300–$800 for a legal and communications review","1–3 days",{"best_for":473,"cost":474,"time":475},"Joint ventures with a new legal entity, cross-border partnerships with multi-jurisdiction disclosure requirements, or deals with material securities disclosure obligations","$1,500–$5,000+","1–2 weeks",[477,482,487,492],{"code":478,"name":479,"flag_asset_id":480,"note":481},"us","United States","flag-us","Publicly traded companies must assess whether a partnership constitutes a material event requiring an 8-K filing with the SEC before or alongside the press release. FTC guidelines govern deceptive advertising claims in releases promoting joint products. State-level trade secret laws — notably the Defend Trade Secrets Act — mean any scope language describing proprietary technology should be reviewed before publication.",{"code":483,"name":484,"flag_asset_id":485,"note":486},"ca","Canada","flag-ca","Canadian publicly traded companies are subject to National Instrument 51-102 continuous disclosure obligations, which may require filing a material change report concurrently with the press release. Quebec's language laws (Bill 101) require that any press release distributed to Quebec media be available in French. Privacy considerations under PIPEDA apply if the release references customer data or user counts.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"uk","United Kingdom","flag-uk","Companies listed on the London Stock Exchange must comply with the UK Market Abuse Regulation (UK MAR) and the FCA's Disclosure Guidance and Transparency Rules when announcing partnerships that could constitute inside information. The UK Advertising Standards Authority (ASA) guidelines apply to any comparative claims made about competing products in the release body.",{"code":493,"name":494,"flag_asset_id":495,"note":496},"eu","European Union","flag-eu","EU Market Abuse Regulation (EU MAR) requires listed companies to disclose inside information — including material partnerships — publicly as soon as possible. GDPR applies if the release references personal data, customer identifiers, or user statistics. Competition law considerations under Articles 101 and 102 TFEU may be relevant for partnerships involving market-share-sensitive scope or exclusivity arrangements.",[498,499,245,231,231,500,501,502,503,504,505,506],"custom-software-business-partnership-agreement-D786","letter-of-intent_acquisition-of-business-D5197","non-disclosure-agreement-nda-D12692","joint-venture-agreement-D889","memorandum-of-understanding-D12548","strategic-alliance-and-supply-agreement-D5205","press-release-new-contract-D1403","co-habitation-agreement-D12997","reseller-agreement-D12711",{"emit_how_to":197,"emit_defined_term":197},{"primary_folder":509,"secondary_folder":510,"document_type":511,"industry":512,"business_stage":513,"tags":514,"confidence":519},"sales-marketing","press-and-pr","press-release","general","all-stages",[515,516,517,511,518],"partnership","public-relations","media","announcement",0.95,"\u003Ch2>What is a Press Release New Partnership Collaboration?\u003C/h2>\n\u003Cp>A \u003Cstrong>Press Release New Partnership Collaboration\u003C/strong> is a formal, jointly issued written announcement that two or more organizations distribute to media outlets, newswires, and stakeholders to publicly communicate the formation of a new business partnership or strategic collaboration. It identifies both organizations, describes the nature and scope of the collaboration, provides attributed executive quotes from each party, and directs media and readers to contact points for follow-up. Unlike the underlying partnership agreement — which is a binding legal contract — the press release itself carries no contractual obligations, but it is governed by mutual approval clauses in the agreement and must be consistent with the disclosed terms both parties have authorized for public release.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>A partnership that is never announced publicly delivers only a fraction of its potential business value. Without a coordinated press release, the collaboration may be mischaracterized by third parties, reported prematurely by one partner without the other's consent, or simply go unnoticed by the customers and media it was designed to reach. The absence of a formal release also creates legal exposure: distributing an announcement without both parties' documented written approval can breach mutual disclosure clauses in the partnership agreement and expose the issuing organization to claims. A properly drafted and jointly approved press release protects both organizations by ensuring the public narrative matches the agreed terms, excludes confidential commercial details, and meets any regulatory disclosure requirements applicable in the industries or jurisdictions involved. This template gives you the structure to draft, coordinate, and distribute a publication-ready announcement in hours rather than days — with the right legal checkpoints built into the process.\u003C/p>\n",1781186001125]