Running head: Managing Counselors personal values 1

 Key features of several types and forms of collaboration agreements

1.4 Initiate and develop relationships with potential collaborators according to relevant
organizational policies and procedures
The core features needed to initiate and develop efficient relationships with potential
collaborators include:
- Clearly defined roles: to create an effective collaboration each parties in the collaboration
need to know their roles and responsibilities within their new agreement.
- Shared resources- firms need to develop an agreement on the nature and amount of
resources they bring to the alliance.
- Unanimous focus on a common goal- Robust relationships occur when collaborating
firms share similar goals and market aspirations.
- Effective and frequent communication.

1.5 Initiate, negotiate, agree and document a collaborative approach with parties which adhere
to organizational policies and relevant legal requirements
The following are the essential features found in the process of creating a collaborative approach:
- Truth telling- each firm need to be honest about their capabilities.
- Promise keeping-the process of imitating and negotiating a collaborative is characterized
by lots of promises where each side vouches their capacity to make the collaboration a
success.
- Mutual respect – the process of collaboration is sustained by high levels of mutual
respect.
- Doing consciously no harm- entities within the collaboration are bound not to conduct
activities that could hurt the other entities within the merger.

Types of collaboration agreements

Joint venture Agreement- these are strong business tools designed to protect each of the
collaborating parties proprietary information, they also help in minimizing risks and sharing
costs.
Collaboration agreement- Business collaboration agreements lay the ground work in which
business operations will be conducted by the two or more collaborating firms.
Partnership agreement help business create solid legal foundations which guide the
conduct of the firms entering into a collaboration.
Limited partnership agreement; this agreement spells out all the terms and conditions
including ownership interest to buy-out options and procedures.
Strategic alliance agreement; is an agreement between two entities where they agree to pull
together their resources so as to achieve competitiveness.
Co-marketing agreement spells out how businesses will exchange their resources when
marketing each other’s products.
Non-disclosure agreement; is a special document that guarantees a business confidential
information is secured.
Merger agreement lays out the rules for engagement between two firms that are going
through a merger until a time when their convergence is finalized.
Mutual non-disclosure agreement; helps businesses protect their privacy when interacting
with outsider information.