Strategic alliances in various forms have long been a useful tool for entities looking to leverage the expertise, reputation, market position, capital or other resources of potential alliance partners. In the current economic climate, strategic alliances represent a potentially attractive alternative to acquisitions or capital-intensive initiatives or projects undertaken by a single entity. For those currently engaged in strategic alliances, however, the current economic circumstances may exacerbate issues with a failing alliance partner or a failing strategic alliance. This session will address the basics of strategic alliances and address the opportunities and potential issues in this difficult economy.