Most likely, if you were following some form of "team up and run" strategy in addition to performing your usual SEO tasks, you were able to achieve better results for your site in a way that is faster, cheaper and less labor-intensive. Second, the cooperation with the other SEO is not a Catholic marriage and it goes without saying that both sides can decide to stop cooperating for this specific project at this specific time. They can simply decide to stop for now and stay in touch in order to cooperate during a future project.
Anyway you cut it, the laws of survival, nature and evolution are still relevant and they apply to the world of SEO's as well. Ask yourself how you're going to improve your SEO and link-building campaigns through the "team up and run" approach. The guy that you thought was your competitor is now your colleague! World peace won't come next but better improved rankings for both sites will. If you run the race by yourself while someone else selects the right SEO's to team up and run with, chances are that you'll lose while they'll win.
There are always exceptions, but that is how life goes. So put your ego aside and contact your competitor. Focus on YOUR niche and get your selected competitors to understand that if they strengthen your niche position, you will strengthen theirs. It's simply a smarter strategy to pursue in relation to what you're trying to achieve at the end of the day.
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