Rigby, Darrell K., and Robin W. “Putting More Strategy into Strategic Alliances.” Directors and Boards, Winter 1994, pp. More than just a template, our step-by-step interview process makes it easy to create a Strategic Alliance Agreement. Save, sign, print, and download your document when you are done. Sometimes working together is the best strategy, but make sure you create a Strategic Alliance Agreement. When your business decides to share resources and knowledge and help each other in a project, a Strategic Alliance Agreement solidifies your plans by spelling out the terms of agreement for both parties. It's a formal arrangement between two or more companies who have agreed to share resources in a specific project to create a competitive advantage. The Agreement is often used to share products, distribution channels, manufacturing capability, project funding, capital equipment, knowledge, expertise, or intellectual property. Rocket Lawyer provides information and software only. Rocket Lawyer is not a "lawyer referral service" and does not provide legal advice or participate in any legal representation. An article by Geoff Baum in the April 3, 2000, issue of Forbes ASAP gave a strong vote of confidence to alliances: “Our statistical analysis shows that companies with more joint ventures, marketing and manufacturing alliances, and other forms of partnerships, have substantially higher market values.” The article concluded that, “In the connected economy, connections matter. Alliances are incredibly, even decisively, important.” Studies by others—including the Corporate Executive Board in Washington; Peter Drucker; Booz, Allen & Hamilton; and Andersen Consulting—also highlight similar opportunities and associated risks.