Joint Venture Marketing: Creating a Mutually Beneficial Contract
Friday, October 31st, 2008When embarking on a new joint venture marketing partnership, there are a variety of forms your partnership can take. Some small businesses that are newer or just starting out often prefer a more informal agreement - something along the lines of mutual and equal advertising space on one another’s websites.
However, even an informal agreement will require a contract of some sort to protect both parties and to be certain that all participating achieve their goals, and that everyone is held to equal standards. Putting a contract in place is also important so that each party knows what to expect.
For a simple contract, the involvement of an attorney is quite minimal, if necessary at all. There are a variety of websites that inform how to write your own legally binding contracts, and plenty that offer downloadable generic contracts that are flexible and applicable to a variety of cases, as well as being legally binding.
A More Formal Contract