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Explain the main reasons why succession planning can be a problem for family businesses.
Rock Formations
Naturally occurring arrangement of rocks in the environment, often characterized by unique shapes and compositions.
Excavation
The process of removing soil, rock, or other materials from a site to form a hole, cavity, or to uncover something buried.
Preexisting Legal Obligation
An obligation that existed before the current situation or agreement, which may affect the validity of a new contract.
Outputs Contract
An agreement in which the seller agrees to sell all of the production at its facility to a buyer, who agrees to purchase it, often used in industrial or farming contexts.
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