this strategic alliance agreement is hereby entered into by the parties listed, for the purpose of creating a strategic alliance to mutually benefit the involved parties. both parties will be given a period of 3 months prior to the termination date of this agreement to offer an extension or enter into a new strategic alliance agreement as deemed necessary. this section of the template requires both parties to designate an individual who will be able to act on their behalf in matters related to the strategic alliance. both parties shall remain for the entirety of this strategic alliance agreement independent contractors and will have the rights and abilities as such. this section of the template makes it clear that both parties will retain full right and title to their respective intellectual property at all times.