Another type of alliance is a strategic technology partnership. This type of strategic partnership involves working with IT companies to keep your business afloat. It can be a partnership between your web design company and a particular computer repair service that you always call in exchange for a discounted price for the services. It could also include partnering with a cloud-based storage platform to meet all your file storage requests. Within the framework of the partnership agreement, individuals undertake that each partner will contribute to the activity. Partners may agree to pay capital to the company in cash to cover start-up costs or equipment contributions, and services or ownership may be mortgaged under the Partnership Agreement.
