Document background
A Teaming Agreement is essential when organizations wish to combine their expertise and resources to pursue business opportunities in Australia while remaining separate entities. This document is particularly relevant when bidding for large contracts, government tenders, or complex projects requiring diverse capabilities. The agreement outlines the preliminary arrangement between parties, establishing their rights and obligations, governance structure, and resource commitments. It addresses critical aspects such as confidentiality, intellectual property rights, and competition law compliance under Australian jurisdiction. The Teaming Agreement is distinct from a joint venture as it typically focuses on a specific opportunity or limited scope of collaboration rather than forming a new business entity. It needs to comply with Australian federal and state legislation, particularly the Competition and Consumer Act 2010, while providing flexibility for parties to define their collaborative relationship.
