Define: Alliance

Alliance
Alliance
What is the dictionary definition of Alliance?
Dictionary Definition of Alliance

Alliance (noun):

1. A formal agreement or partnership between two or more individuals, groups, organisations, or nations, typically formed for a common purpose or goal.

2. A bond or association based on mutual support, cooperation, or shared interests, often aimed at achieving a specific objective or addressing a common challenge.

3. A strategic alliance between businesses or corporations, involving collaboration and resource-sharing to enhance competitiveness, expand market reach, or achieve economies of scale.

4. A political or military coalition formed by nations or states to promote collective security, deter aggression, or pursue common interests, often involving mutual defence obligations and diplomatic cooperation.

5. A union or affiliation between individuals or groups with similar ideologies, beliefs, or values, aimed at advancing shared causes, advocating for specific rights or policies, or exerting collective influence on societal or political issues.

Full Definition Of Alliance

Alliance is a term commonly used in legal contexts to refer to a formal agreement or partnership between two or more parties. It is a legally binding contract that outlines the rights, obligations, and responsibilities of each party involved.

An alliance can be formed for various purposes, such as business collaborations, joint ventures, or strategic partnerships. The terms of the alliance are typically negotiated and agreed upon by all parties involved, and may include provisions related to the sharing of resources, intellectual property, profits, and liabilities.

In a legal sense, an alliance is governed by contract law principles. This means that all parties are expected to fulfil their obligations as outlined in the agreement, and failure to do so may result in legal consequences. Disputes arising from an alliance are typically resolved through negotiation, mediation, or arbitration, as specified in the contract.

It is important for parties entering into an alliance to carefully review and understand the terms of the agreement before signing. Legal advice may be sought to ensure that the alliance is structured in a way that protects the interests of all parties involved and complies with applicable laws and regulations.

Overall, an alliance is a legally recognized partnership that allows parties to collaborate and work towards common goals while maintaining their separate legal identities.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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