Our Background The Hudson’s Bay Company is the world’s oldest trading company and the largest Canadian retail corporation. We are a huge multinational retailer with over 480 stores and 66,000 employees across the globe. The Company has a market cap of $ 1.5 billion, placing it on the Forbes Top Multinational Retailers list (Bryce 12). Today, our brand, renowned for its clothing, footwear, and homeware, plans to collaborate with Inuit Tapiriit Kanatami (ITK), the local representational organization for the wellbeing of Inuits in Canada, to highlight Indigenous designers and craftsmanship (Wilkinson 107). We will expand this initiative through our new project that aims to promote the sustainable development of the Indigenous peoples. Our Project For several generations, we have tried to maintain human interest in natural unique landscapes and lifestyles in the natural environment. Now we are offering collaboration with the Inuit community in Canada through Inuit Tapiriit Kanatami (ITK). We plan to collaborate with this Nation since it is known for its art of sewing. In this case, they are guided by practical considerations to skillfully sew clothes. Inuits have passed these skills from mothers to daughters for millennia. In the 60s of the XX century, the traditional craftsmanship of women in sewing was first applied to the creation of decorative products in the village of Baker Lake in the northern Canadian territory of Nunavut (Wilkinson 110). Centuries of experience passed into the modern art of embroidery and applique on fabrics. Tailors embody their character and craftsmanship in the modern art of wall hangings, displaying the wildlife of the Arctic, scenes from the life of the Inuit people, and the spiritual perception of the world inherent in ancestors. Thus, in the framework of our new project in partnership with the Inuit Nation, an ethnic collection of unique clothes will be created. We will scope out the project and potential issues, starting with a draft. First, we plan to create a capsule collection for sale. This project will be oriented to the Canadian market and will become part of the distinctive culture of the Northern peoples. We plan to use our chain of stores to share Inuit craftsmanship and create opportunities for social entrepreneurship in Aboriginal communities in Canada (Wilkinson 112). Our Company has a goal of a long-term partnership with ITK to support the First Nations and for the mutual benefit. Our partners must be prepared to commit to reasonable timelines and deliverables. Contract arrangements will be mutually beneficial if ITK provides good employees, and the Inuit designers get jobs and training (Nelson 3). We will review the interests of all parties concerning the Benefit Sharing Agreement. In addition to revenue-sharing, our partners will sign service contracts, perhaps with preferred bidding. We will also take into account Freedom of Information laws and First Nation laws about protecting culture and knowledge. Our Structure We will organize our collaboration as a Joint Venture on the principle of paid provision of services under the contract. Our principle of free, prior, and informed consent will ensure a partnership