In cooperation agreements, companies agree upon joint activities in order to achieve a common goal. The objective of a cooperation agreement may be, for example, a joint project between two or more companies.
When a company starts operating internationally, cooperation partners may be needed, for example, to gain knowledge of local circumstances. Cooperation arrangements may also be possible to use to spread risks between the parties.
The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly overseas.
Your business may have strong potential for growth and you may have innovative ideas and products. However, a joint venture could give you