Forming and Maintaining a Partnership

(Part 1 - Partnership Act of 1980) defines the partnership as "a relationship between people who work jointly and for profit". It refers to natural and man-made people, so individuals and companies are entitled to partnership. A joint venture contract does not necessarily create a partnership. (2000 Chapter 2 "Limited Partnership Act" defines a limited liability partnership (LLP) as a hybrid between a partnership and a limited liability company Many of the provisions of the "Companies Act" are published in 2006 It also applies to LLP.

The simplest form of cooperation is research partnership. When a university and a company agree to cooperate in a specific research project, a research partnership is formed. These can be studied in the form of contracts or subsidies. An example of this is the automobile company's request to the engineering department to design or test a car. There are many advantages of this arrangement. For example, students in related courses have opportunities to conduct research for potential employers, professors / researchers maintain research funding, businesses complete research with lower-cost employees with potential employees To do. This arrangement also allows the study to be independent of funding sources. I limit this to an example, but there are many examples of research partnerships from economic impact studies to bimolecular cancer research.

Establish and maintain support. Building aid is an important process that will continue as long as the partnership is actually formed and will continue to function. In several partnerships, stakeholders are working on a committee that plans to innovate first, then consider the benefits of partnership, and to improve it. "Planners need to identify and expand mutual benefits of collaboration and make sure that the benefits are clearly communicated to employees of all participating organizations because the environment and organization often change, It must be supported throughout the life of the partnership.