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.
all materials and property included in this agreement shall remain the intellectual property of the respective party producing such items. if any condition within this strategic alliance agreement is found to be invalid or unenforceable the parties shall obtain the right to replace said condition with a similar enforceable provision as deemed necessary. once the fields in this template have been filled with the appropriate details, both partners will be able to e-sign using the fields below. use this cooperative agreement or memorandum of agreement can be used to legally lay out the steps toward an agreed upon result. pandadoc is not responsible for examining or evaluating such third party materials, and does not provide any warranties relating to the third party materials.
each party shall designate a partner, officer, or another senior person to be responsible for the overall administration of this agreement. materials used in any engagement undertaken pursuant to this agreement shall not be altered or changed without the consent of both parties.
each of party b and party a agrees to give the other prompt written notice of any claim or other matter as to which it believes this indemnification provision is applicable. work performed on engagements pursuant to this agreement by either party b and/or party a and information, materials, products, and deliverables developed in connection with engagements pursuant to this agreement shall be the property of the respective parties performing the work or creating the information. if any provision of this agreement is declared invalid or unenforceable, such provision shall be deemed modified to the extent necessary and possible to render it valid and enforceable.
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