Strategic Business Alliance Agreement
Both parties have three months before the termination date of this agreement to offer an extension or enter into a new strategic alliance agreement, as deemed necessary. Michael Porter and Mark Fuller, founding members of the Monitor Group (now Monitor Deloitte), distinguish the types of strategic alliances according to their objectives: there are several ways to conclude a strategic alliance: A strategic alliance is an agreement between two companies to achieve a mutually beneficial project while remaining true to its independence. The agreement is less complex and less restrictive than a joint venture, in which two companies pool resources to create a separate entity. The partnership involves sharing free resources from each partner for the entire alliance. One of the potential drawbacks of promoting new alliances is the misinterpretation of the benefits that each company can bring. One party can develop an exaggerated understanding of what the other party has to offer. Suppose Company A expects, for example, that Company B will provide more resources with more equipment, but Company B is not able to do so. The excessive expectation of Company A may be due to misunderstandings about the statement of Company B. A simple misunderstanding could lead to the decline of the partnership. Strategic alliances can develop in outsourcing relationships in which parties wish to achieve long-term benefits and innovations based on desired results. This form of cooperation exists between mergers and acquisitions and organic growth. Strategic alliances arise when two or more organizations come together for mutual benefit. THIS FIRST MODIFICATION OF THE STRATEGIC ACCORD OF ALLIANCE (this “amendment”) is proposed by and between Iovance Biotherapeutics Inc., a Delaware company, a successor of interest to Lion Biotechnologies, Inc., based at 999 Skyway Road, Suite 150, San Carlos, CA 94070 (“Iovance”), and The University of Texas M.
D. Anderson Cancer Center, based in 1515 Holcombe Blvd. , Houston, TX 77030 (“MD Anderson”), a member institution of the University of Texas , the date mentioned above (the “effective date”). Iovance and MD Anderson can be called “parties” or “parties” together. In the 1980s, strategic alliances were aimed at achieving economies of scale and scale. The parties have attempted to consolidate their positions in their respective sectors. During this period, the number of strategic alliances increased significantly. Some of these partnerships lead to great success in products such as Canon photocopiers, sold under the Kodak brand, or the partnership between Toshiba and Motorola, whose pooling of resources and technologies leads to great success in microprocessors. There are many ways to define a strategic alliance. Some of the definitions emphasize the fact that partners do not create a new legal entity, i.e.:
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