In furtherance of its mission, ̽»¨Â¥ may enter into partnerships with nonprofit or for-profit entities.
Definition of Partnership
For purposes of this policy, a partnership refers to any contractual agreement between ̽»¨Â¥ and another entity under which ̽»¨Â¥ and one or more partners share financial profits and losses of a mutual undertaking. Exempted from this definition are collaborative activities with other organizations in connection with legislative and public policy concerns, as well as co-publication of single titles of interest to ̽»¨Â¥ members.
Identification of Partnership Opportunities
It shall be the responsibility of the Executive Director to identify partnership opportunities for ̽»¨Â¥ that will assist the Association in accomplishing its mission more efficiently or effectively. The Executive Director shall report to the Board of Directors from time to time on his/her efforts to identify partnership opportunities.
Evaluation of Partnership Opportunities
̽»¨Â¥ shall enter into a partnership only if the partnership relates directly to the interest of the membership, advances the professions represented by the Association, or furthers the organization's mission in a way that the Association could not accomplish on its own.
Authority of Approve Partnerships
The ̽»¨Â¥ Board of Directors shall have final authority to approve all partnership agreements.
Mandatory Terms in Partnership Agreements
̽»¨Â¥ will enter into a partnership only if the binding partnership documents:
- Permit use of ̽»¨Â¥'s name and logo only by parties to the agreement and only in connection with the specific activities of the partnership.
- Indemnify the association for losses arising out of actions by the partner organization.
- Contain explicit termination clauses.
- Indicate the degree to which the partnership is an exclusive agreement.
M/S/P [Anderson/Lonabocker. 9/0] December, 1999