<p> LAW TIPS LEGAL ISSUES IN TEAMING ARRANGEMENTS (CONTINUANCE FROM PREVIOUS WEEK)</p><p>Authored by attorney Pat Genzler</p><p>Which “Team” format you choose can be Teaming Process Step Documentation affected by several factors, including: Initial discussions and Non-Disclosure Agreement / evaluation of teaming Confidentiality Agreement a. Licensing, prequalification and related partner issues. If the work requires a certain Setting out key terms of Memorandum of Agreement / license or special qualification, and some business relationship Memorandum of Understanding / team members do not have this license, the Letter of Intent Submitting Proposal to Teaming Agreement only feasible approach may be a subcontract Owner or General arrangement. Contractor / Bidding the work</p><p>Formalizing the Teaming Subcontract b. Insurance and bonding issues. Similarly, Agreement and OR if none of the team members individually Performing the Work Joint Venture Agreement OR has the bonding capacity or financial Operating Agreement (for LLC) capability to perform the contract, a “joint venture” in which the sureties for the team In the rest of this series of articles we’ll touch on members combine to provide the required the following: bonding capacity may be the best approach.  Confidentiality and Non-Disclosure Agreements Teaming – The Process. Regardless of the “Team” format you choose, the typical process  Memoranda of Understanding / Memoranda forming a teaming arrangement goes through several steps involving evaluating your potential of Agreement / Letter of Intent team members, obtaining and reviewing critical  Teaming Agreements information about each other, setting out the key business terms of your teaming arrangement, and  Joint Venture Agreements then formalizing the arrangement in a contract or agreement. At each step of the process, there are certain agreements that are usually considered or executed, as shown:</p><p>Authored by attorney Pat Genzler, these articles are meant to bring awareness to these topics and are not intended to be used as legal advice. For more information, contact Mike at 757-446-8626 or Bill Franczek at 757-446-8600. Visit www.vanblk.com, for our library of Construction Law Tips. Suggestions for a topic? E-mail [email protected].</p><p>ND: 4823-4815-3870, v. 1</p>