Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
alliance
. a bond or union between persons, families, states, or other parties. 2. int'l law. a union or association of two or more states or nations, formed by league or treaty, esp. for jointly waging war or mutually protecting against and repelling hostile attacks. cf i); tent; entente. see strategic alliance
strategic alliance
A coalition formed by two or more persons in the same or complementary businesses to gain long-term financial, operational, and marketing advantages without jeopardizing competitive indepenfence <through their strategic alliance, the manufacturer and distributor of a co-developed product shared development costs>. Cf. JOINT VENTURE; PARTNERSHIP.