Fla. Teaming Agreements Must Balance Exclusivity

Law360, New York (March 3, 2015, 3:12 PM EST) -- The problem: A party seeks a major contract that will require extensive skill and knowledge to fulfill, yet, the company does not have the expertise to complete every aspect of the contract. The solution: a teaming agreement in which two parties agree, before the bid is submitted, to work together if they win the contract. In Florida, however, the parties must be careful to structure the agreement so that it is an enforceable contract, while at the same time it does not violate Florida's antitrust statutes.

Teaming Agreements Generally

"Teaming agreements are special arrangements among different companies that are commonly used...

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