Document background
The Framework Cooperation Agreement is designed for use when parties wish to establish a formal structure for ongoing collaboration while maintaining their independence. It is particularly relevant in the Australian business context where organizations seek to create strategic alliances, joint initiatives, or systematic cooperation without forming a joint venture or merger. The agreement typically includes provisions for governance, resource sharing, intellectual property rights, and compliance with Australian regulatory requirements. This type of agreement is especially valuable when parties anticipate multiple areas of cooperation over time and need a master agreement to set out overarching principles while allowing flexibility for specific project agreements to be developed subsequently.
