Unlike joint ventures which require a new, separate entity, a strategic alliance does not necessarily require a new legal entity

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A strategic alliance is a partnership between two or more companies to achieve a specific business goal or to operate in a specific market. It does not necessarily require the creation of a new legal entity, as the companies involved can remain independent and simply collaborate on certain activities or projects. Joint ventures, on the other hand, typically involve the creation of a new legal entity owned and operated by the partnering companies.

Unlike Joint Ventures Which Require a New, Separate Entity, a Strategic