Document background
The Framework Cooperation Agreement is commonly used in Hong Kong's business landscape to establish strategic partnerships and long-term collaborative relationships. It serves as an umbrella agreement that sets out the general principles, scope, and mechanics of cooperation while leaving specific details to be determined in subsequent project-specific agreements. This type of agreement is particularly valuable in Hong Kong's business environment, where international companies often partner with local entities or mainland Chinese businesses. The document typically includes provisions for governance structure, intellectual property rights, confidentiality, and dispute resolution mechanisms, all aligned with Hong Kong's legal framework. It's especially useful for complex business relationships that may involve multiple projects or phases of cooperation over time.
