Examlex
The competitive form of the M-form structure is characterized by complete independence among the form's divisions. Unlike the divisions included in the cooperative structure, divisions that are part of the competitive structure do not share common strengths.
Partnership
A business entity legally established by two or more partners who equally share in managing the business and its profits.
Legal Idiom
A set phrase or expression that has acquired a specialized meaning in the legal profession, often different from its literal meaning.
Possession
The state or fact of owning or holding something, legally or physically.
Recessionary Period
A time of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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