There are several types of international partnerships, including:
- Joint Ventures: Two or more companies create a new, jointly-owned business entity to pursue specific objectives. - Strategic Alliances: Companies collaborate on specific projects or objectives without forming a new entity. - Mergers and Acquisitions: One company takes over another or they merge to form a new entity, combining their resources and capabilities. - Licensing Agreements: One company permits another to use its intellectual property in exchange for royalties or other forms of compensation. - Franchising: A company allows a foreign partner to operate its business model in a new market under the same brand.