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Management Rights
These are the legal authorities and powers that the management of an organization holds to operate and make decisions for the business.
Base Rent
The minimum amount of rent due under a lease agreement, not including costs such as utilities, maintenance, and other operating expenses.
Winding Up Stage
The process of concluding the affairs of a business or partnership, leading to its dissolution.
Dissolution
The formal disbanding of a partnership, corporation, or other business entity. For instance, partnerships can be dissolved by acts of the partners, by operation of law, or by judicial decree.
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