Date: 03-Dec-2024

1. Purpose and Scope

This policy establishes guidelines and procedures for forming, maintaining, and evaluating partnerships with external organizations.

2. Definition of Partnership

A partnership is defined as a formal collaboration between our organization and another entity for mutual benefit and shared objectives.

3. Partner Selection Criteria

• Alignment with our organization's values and mission
• Financial stability and reputation
• Complementary expertise and resources
• Track record of successful collaborations
• Compliance with legal and ethical standards

4. Due Diligence Process

1. Initial screening of potential partner
2. Financial and legal background check
3. Review of partner's past performance
4. Assessment of potential risks and benefits
5. Evaluation of resource requirements

5. Partnership Agreement Requirements

All partnerships must be documented with a formal agreement including:

• Clearly defined roles and responsibilities