In the last few years, the FedCon community has been abuzz with excitement over teaming, joint venturing, and mentor-protégé arrangements. However, the concepts and requirements relating to teams and joint ventures are often very misunderstood. Many contractors confuse teaming, joint venturing, and the formation of mentor protégé relationships. These types of partnerships have some major differences and raise different types of compliance concerns.
In this webinar, Maria explained the differences between teaming arrangements and joint ventures, and provide strategies for determining which kind of partnership is right for you and your business. She also discussed how to form an eligible JV, the proper procedures for entering into an enforceable teaming agreement, important clauses you should include in these types of agreements, as well as common pitfalls to avoid. She considered the practical implications of negotiating terms of a teaming or JV agreement and also discussed other partnering strategies, including mentor-protégé relationships.