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A collaboration agreement can be defined as an agreement where two or more entities or individuals merge together to become one. The reason for merging could be any, but usually, it is either for a project or for saving the other from going into bankruptcy. This type of agreement is used by both for-profit and non-profit organizations. Also called a Business Agreement, marketing agreement, event agreement, and/or Sales Agreement, this is where all parties involved oblige to keep the ends of the bargain which would benefit them in the long run.
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