Which type of agreement is legal, contractual, and between two or more entities to form a
partnership, joint venture, or some other arrangement as defined by the parties?
A.
Teaming
B.
Collective bargaining
C.
Sharing
D.
Working
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PMIs definition of this term may not match your own version. According to the PMBOK 4th Edition:
Teaming agreements are legal contractual agreements between two or more entities to form a partnership or joint venture, or some other arrangement as defined by the parties. The agreement defines buyer-seller roles for each party. Whenever the new business opportunity ends, the teaming agreement also ends. Whenever a teaming agreement is in effect, the planning process for the project is significantly impacted. Thus whenever a teaming agreement is in place on a project, the roles of buyer and seller are predetermined, and such issues as scope of work, competition requirements, and other critical issues are generally predefined. [3]
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