Explain Why Nonprofit Organizations Are Becoming More Interested in Pursuing

question 10

Essay

Explain why nonprofit organizations are becoming more interested in pursuing earned income through partnerships with businesses.

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Definitions:

Arbitration Clause

A contract provision requiring disputes to be resolved by arbitration rather than in court.

Disguised Gift

A transaction or transfer of property where the true intent is to give the item rather than sell it at its full value.

Nominal Consideration

A token amount in a contract to validate it, which may not necessarily reflect the true value of the contract's subject matter.

Consideration

Something of value (such as money, service, promise, or goods) that is given by both parties to a contract that compels mutual obligation.