A cooperation agreement is a legal document of contract which is framed between two individuals, parties or business corporations to mark the pact made between them to pool in resources or intelligence to lead towards a common goal. These agreements can also be made between the governments of two different states or countries to work towards a project or venture.
A cooperation agreement consists of details such as the names, address and contact details of the involved parties along with the details of the project or business venture into which the parties have decided to cooperate with each other. These agreements also consist of the various terms and conditions and duties and responsibilities of each party written in detail.
Any cooperation agreement is basically framed or drafted so that during the cooperation agreement period, there is no dispute or confusion and the parties can work alongside each other in a cooperative and organised manner.
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