In an increasingly competitive environment like Virtual Organization; software agents need to be very flexible towards any changes in order to achieve sustainable growth and improve competency. Another way to address this is to form collaboration amongst the agents themselves. Although being in an openly distributed environment where almost anyone can do business with everyone; it is never that straightforward. One of the major issues in performing any kind of collaboration in such environment is who can be trusted? Therefore this novel work focuses on developing a collaborative trust framework in corresponding to this need for facilitating agents in identifying its potential collaborative partner.