Contrary to popular belief, full disclosure of sensitive company information is not necessary for the operation of a partnership. Each organization can filter the details it will disclose and ensure that the data provided is essential to achieving the common goal. A strategic partnership (see also the strategic alliance) is a relationship between two commercial companies, usually formalized by one or more commercial contracts. As a general rule, a strategic partnership will fall short of a legal partnership, agency or related relationship. Strategic partnerships can take many forms, ranging from shake-hand agreements, contractual cooperations to private equity alliances, either the creation of a joint venture or cross-holding companies. .