Request for association
A Request for association (RFA) or request for collaboration, also called, though less frequently (see below) request for partnership, request for partner[1] or request for alliance, is a commercial document issued by a party which demands association to another party. This request may be specific, with the addressee stated within, or unspecific, open to anyone[2] interested in association.
Characteristics
The proposed association usually has business (for example a joint venture) or voluntary sector[3] purposes.
Being on a less formal level than a letter of intent, a RFA is typically not legally binding.[4]
Instead of describing in detail the specifications of a product (as a request for quotation does), a RFA focuses on mutual benefits that both parties would obtain from their alliance: "...engages the potential sponsor in thinking about how your project could help his or her own larger goals."[5]
One of the parties may provide ideas, experience or raw materials, whilst the other one may provide money, machines or workers. The idea which overarchs in a RFA is complementarity: it "makes sense for both parties".[6]
See also
References
- ^ Vitasek, Kate; Kling, Jeanne; Keith, Bonnie; Handley, David (2016). Unpacking Collaborative Bidding (PDF). Tennessee, USA: HASLAM COLLEGE OF BUSINESS. p. 13. Archived from the original (PDF) on 28 April 2017. Retrieved 27 April 2017.
{{cite book}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Umland, Kasey. "Request'for'Partnership'Proposals'(RFPP) to'promote'Global'Engagement" (PDF). University YMCA. University YMCA at the University of Illinois. Retrieved 27 April 2017.
- ^ Muranga, Kasereka. "RE:Request for partnership,collaboration and membership in/with your organisation". WWF. Retrieved 27 April 2017.
- ^ Bradley, Andre. "Writing a Business Partnership Letter of Intent (with Sample)". Free Resignation Letter Samples. Retrieved 27 April 2017.
- ^ Simmons, Elizabeth (June 6, 2012). "How to Ask". INSIDE HIGHER ED. Retrieved 27 April 2017.
- ^ Cordova, Cristina. "How do you approach a company you want to create a partnership with, if you have no contact person at the company?". Quora. Retrieved 27 April 2017.