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Co-operative agreements

Co-operative agreements

Noun

In the competitive SaaS landscape, co-operative agreements are the formal business agreements between two entities that unlock new avenues for growth through strategic partnerships. These agreements go beyond simple vendor-customer relationships, fostering deeper collaboration between two or more SaaS companies.

Co-operative agreements can cover various business collaborations, like technology partnerships, co-marketing sales efforts, integration partnerships and data sharing.

These partnerships are beneficial as they reduce operational costs through collaboration, enhance expertise and ultimately lead to faster innovation.

Example:

To enhance its data visualization capabilities, marketing analytics platform SharpInsights signed a co-operative agreement with interactive charting specialist Visuify. Under the agreement, SharpInsights can offer Visuify's sophisticated charting tools directly within its platform, empowering users to create impactful data visualizations without switching platforms.

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