A formal agreement between organisations with the intention to share resources is known as a:

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A formal agreement between organisations that involves sharing resources and combining strengths for a common goal is known as a strategic alliance. Collaborative arrangements and mutual agreements also involve cooperation between organizations, but a strategic alliance is a more formal and structured partnership with a specific focus on achieving a shared objective. A common objective may exist between organizations, but it does not necessarily involve a formal agreement or resource sharing.

A Formal Agreement Between Organisations with the Intention to Share