Friends from the university with business partners. This is how the relationship between Bill Hewlett and David Packard developed. They are the masterminds behind the multinational IT company Hewlett-Packard Company. Bill and David had not only a common interest and the same level of curiosity about electricity; They also have the same love for outdoor activities like camping and fishing. They separated after graduation, but they met years later. They were encouraged by their mentor, Fred Terman, to unite and start a business. On his advice, they followed, they produced the master`s thesis of Hewlett, an oscillator that was the first product of their company. Their first production site was a small garage, which is now a historical symbol in California and is called the birthplace of the Silicone Valley. In addition to their innovative products in the 1940s, they were one of the first companies to provide health insurance to their employees and to give them bonuses. They took great care of their employees, which is also one of the reasons why the company has sunbathed until today in its success. Procter and Gamble is a multinational company that manufactures Homecare brands such as detergents, oral care products and other personal care products.

This global company is one of the most successful commercial cooperations in history has been fueled by chance and family relationships. William Procter, an Englishman, and an Irishman James Gamble emigrated to the United States at random. And it was family relationships that brought them together because they were married to sisters. Their stepfather was the one who introduced the idea that they should work together when he noticed that William and James were fighting for raw materials to impress their wives. Both agreed and signed an agreement to make the partnership official and legal. As most people know, Steve Jobs kept Apple Inc. at the top when he was known around the world. But his success and worldwide fame were the idea of both Steve , Jobs and Wozniak. Jobs was the visionary and Wozniak was often seen as the shy genius that Apple`s early computer models designed and manufactured to boost his business. Since then, Apple has released innovative products that have made it one of the most valuable companies to date.

It`s become a well-known name. Their collaboration has spawned a business empire that publishes new products almost every year. Jobs was a visionary and his charisma made him the face of the company for a long time. His attitude complemented Wozniak`s genius, but the shy attitude. Despite their differences, they were able to produce and market their products. A corporate partnership contract sets clear rules for the operation of a business and the roles of each partner. Trade partnership agreements are concluded to resolve disputes and establish responsible responsibilities and how profits or losses are allocated. Any business partnership involving two or more people should enter into a commercial partnership agreement, as these legal documents could provide important guidance in times of difficulty. It is essential that trade partnership agreements be diversified and detailed in how they articulate internal processes, financial considerations, dispute resolution, accountability and dissolution. PandaTip: The table of materials allows everyone to check this model via PandaDoc, to click on any section of the model for the collaboration agreement. A business cooperation agreement defines the commercial contributions of each party and how one party will pay the other party for its contributions. This contract does not confer intellectual property rights, i.e.

the intellectual property rights created by a party remain with that party.

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