Strategic partnerships are a formal alliance among two commercial establishments, usually formalized by more than one business contracts but falls lacking forming a legal partnership or, company, or corporate online relationship. Typically two companies form a organizing strategic partnerships when each possesses more than one business assets that will aid the other, but that each respective other will not wish to develop internally. Strategic partnerships may take the form of finding profit simply by cutting costs. As an illustration, two small businesses might discover a way to reduce cost rent payments by sharing space inside a warehouse or workplace complex.
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