Strategic Relationship Clause Samples
The Strategic Relationship clause defines the nature and scope of the collaborative partnership between the parties, typically outlining shared goals, mutual commitments, and the intended long-term cooperation. It may specify areas of joint development, resource sharing, or coordinated business activities, and can clarify the expectations for communication and decision-making processes. This clause serves to formalize the alliance, ensuring both parties are aligned in their objectives and understand the framework for working together, thereby reducing misunderstandings and fostering a productive, goal-oriented relationship.
Strategic Relationship. Effective as of the Closing Date, subject to ---------------------- the terms and conditions of this Agreement, Indirect Parent and Purchaser shall enter into the Strategic Relationship Agreement substantially in the form attached hereto as Exhibit B.
Strategic Relationship. TRW and RFMD reaffirm their historical and ongoing strategic relationship as evidenced in the 1996 Agreement and the 1999 Agreement. More specifically, the parties agree to continue to exchange technical information with each other concerning the Licensed Products in the Licensed Fields (as such terms are defined in the 1996 Agreement and the 1999 Agreement). Further, during the term of this Agreement, the parties shall on a regular basis consult with each other concerning new technologies which are developed by either party and which could be reasonably viewed as applicable to other party's markets.
Strategic Relationship. After the receipt of the Stockholder Approval, the Investor and the Company agree to work diligently together to develop and enter a strategic relationship in which the Investor will use its commercially reasonable efforts to provide a non-exclusive market for the Company’s thin-film photovoltaic products for use in connection with the Investor’s building systems business.
Strategic Relationship. Hyundai shall use its best efforts to facilitate the introduction of DVS to Matshushita prior to the earlier to occur of the IP Closing and the Asset Closing, and to ensure the continuity of Hyundai's current relationship with Matshushita with respect to the DVD-ROM Business following its acquisition by DVS. ARTICLE 6
Strategic Relationship. If Closing occurs, for a period of one year after the Closing Date Seller and its Affiliates shall offer Buyer and its Affiliates, on a ground floor basis, the opportunity, but not the obligation, to participate up to a 50% non-operated interest (calculated on the ownership interest of Seller and its Affiliates) in each property acquisition and/or lease acquired at lease sales by Seller or its Affiliates (“Opportunity”) covering property in the Gulf of Mexico. The terms by which Buyer shall participate in any Opportunity presented by Seller shall be defined by a mutually acceptable definitive agreement to include terms as are usual and customary in the industry. Seller and Buyer hereto agree to negotiate in good faith in order to finalize the agreement in an expeditious manner.
Strategic Relationship. On the date hereof, Seller and Purchaser or its Designee shall enter into the Strategic Relationship Agreement, substantially in the form attached hereto as Exhibit B, effective as of the Closing Date, pursuant to which the parties will, among other things, market and sell the dental products of Purchaser through Seller's sales distribution channels and Seller's medical products and ancillary products through Purchaser's sale distribution channels.
Strategic Relationship. (a) Lucent-provided Roof Rights and Building Access. If requested by Diveo, Lucent shall grant to Diveo, at no cost to either Party, roof and interior rights to buildings in the Territory owned by Lucent. In addition, Lucent shall, at no out of pocket cost from Lucent to a third party, reasonably assist Diveo in obtaining such rights with respect to any other buildings leased or occupied by Lucent in the Territory. Nothing herein shall obligate Lucent to violate any of its existing real property lease agreements or any other agreement or legal instrument to which Lucent is subject. Within ninety (90) days of the Effective Date and semi-annually thereafter upon Diveo's written request, Lucent shall provide Diveo with a written list of all addresses of current real estate properties owned or leased by Lucent in the Territory.
Strategic Relationship. The Parties have agreed to the following:
Strategic Relationship a. PACCAR recognizes a strategic relationship with Core. As such, Core will be invited to quote on future programs if Core has demonstrated capability in the desired manufacturing process and meets PACCAR’s overall supplier performance requirements. Provided Core has demonstrated the preceding requirements, [*****].
b. To further support this strategic relationship, PACCAR agrees to establish periodic technology reviews with Purchasing, Engineering, Core and others as appropriate to provide Core development opportunities (materials and processes) and the opportunity to secure product manufacture through new or existing facilities or processes. These meetings may lead to Core providing on-site engineering support for a period of time and collaboration with PACCAR on technology and process development.
Strategic Relationship. 1.1.1. Commencing on the Effective Date, DHL and the Company shall become strategic partners as hereinafter provided and shall continue their co-operation in order to secure and strengthen the existing collaboration to increase effective cross-border trade and benefit from mutual strong growth.
1.1.2. To effect such strategic relationship, each of DHL and the Company shall commit to certain undertakings and obligations towards the other party as further described hereinafter.
1.1.3. For the purposes of this Section 1, except as otherwise specified, references to either party shall be deemed to be references also to such party’s Affiliates (as defined below), and shall bind them.