The Long Term Partnering Agreement is designed for organizations seeking to establish sustainable, strategic collaborations under Austrian law. It is particularly suitable for complex business relationships requiring detailed governance structures, clear operational frameworks, and long-term commitment. This document type is commonly used when parties wish to create a more integrated partnership than a standard service agreement but don't want to form a joint venture or new legal entity. It addresses key aspects such as risk sharing, resource allocation, performance metrics, and partnership evolution, while ensuring compliance with Austrian commercial law requirements and EU regulations. The agreement is structured to provide flexibility for growth while maintaining clear boundaries and responsibilities, making it ideal for strategic alliances, research partnerships, and long-term supply chain collaborations.
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1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and parties' intentions
3. Definitions and Interpretation: Key terms and interpretation rules
4. Partnership Scope and Objectives: Detailed description of partnership purpose and goals
5. Duration and Term: Agreement duration, renewal terms, and key dates
6. Partnership Principles: Core principles governing the collaboration
7. Obligations of the Parties: Key responsibilities and commitments of each party
8. Financial Terms: Cost sharing, revenue allocation, and financial arrangements
9. Performance Metrics: Key performance indicators and measurement criteria
10. Operational Framework: Day-to-day operations and management procedures
11. Communication and Reporting: Communication protocols and reporting requirements
12. Confidentiality: Protection and handling of confidential information
13. Data Protection: GDPR compliance and data handling procedures
14. Liability and Indemnification: Risk allocation and liability provisions
15. Force Majeure: Handling of unforeseen circumstances
16. Termination: Termination grounds and procedures
17. Post-Termination Obligations: Obligations surviving termination
18. Dispute Resolution: Dispute handling procedures and jurisdiction
19. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Intellectual Property Rights: Required when partnership involves creation or sharing of IP
2. Non-Competition: Include when parties need to restrict competitive activities
3. Governance Structure: For complex partnerships requiring specific management structures
4. Change Management: For partnerships requiring formal processes for changes
5. Resource Allocation: When specific resources need to be committed
6. Quality Standards: For partnerships involving product/service delivery
7. Compliance Requirements: For heavily regulated industries
8. Insurance Requirements: When specific insurance coverage is needed
9. Environmental Standards: For partnerships with environmental impact
10. Social Responsibility: When CSR commitments are part of partnership
1. Schedule 1 - Services/Deliverables: Detailed description of services or deliverables
2. Schedule 2 - Financial Terms: Detailed pricing, payment terms, and financial models
3. Schedule 3 - KPIs: Detailed performance metrics and measurement methods
4. Schedule 4 - Governance Structure: Detailed management and decision-making procedures
5. Schedule 5 - Technical Requirements: Technical specifications and standards
6. Schedule 6 - Contact Details: Key contacts and communication protocols
7. Schedule 7 - Implementation Plan: Timeline and milestones for partnership implementation
8. Appendix A - Form of Reports: Templates for required reports
9. Appendix B - Compliance Checklist: Required compliance measures and documentation
10. Appendix C - Change Request Form: Template for requesting and documenting changes
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Healthcare
Automotive
Energy
Telecommunications
Financial Services
Research and Development
Education
Professional Services
Construction
Logistics
Retail
Agriculture
Environmental Services
Relevant Teams
Legal
Commercial
Operations
Finance
Strategy
Business Development
Procurement
Risk Management
Compliance
Corporate Development
Project Management
Partnership Management
Research and Development
Supply Chain
Relevant Roles
Chief Executive Officer
Chief Operating Officer
Chief Financial Officer
General Counsel
Legal Director
Commercial Director
Head of Strategy
Head of Partnerships
Business Development Director
Operations Manager
Project Manager
Procurement Manager
Risk Manager
Compliance Officer
Contract Manager
Partnership Coordinator
Strategic Alliance Manager
Corporate Development Manager
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