In furtherance of its mission, AACRAO 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 AACRAO and another entity
under which AACRAO 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 AACRAO members.
Identification of Partnership Opportunities
It shall be the responsibility of the Executive Director to identify partnership opportunities for AACRAO 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
Evaluation of Partnership Opportunities
AACRAO 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 AACRAO Board of Directors shall have final authority to approve all partnership agreements.
Mandatory Terms in Partnership Agreements
AACRAO will enter into a partnership only if the binding partnership documents:
- Permit use of AACRAO'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