Examlex
Define and explain the "tragedy of the commons." Give an example of this phenomenon and explain why it is significant for initiatives requiring international cooperation.
Distributions-in-Kind
Non-cash assets paid out to investors or partners from a firm or fund.
Partnership's Assets
Items of value owned by a partnership that are used or can be used to conduct its business.
Economic Viability
The ability of an entity, project, or activity to sustain its operations and make a profit over the long term.
Wrongful Dissociation
In the context of business partnerships or limited liability companies, this term refers to the improper withdrawal of a partner or member from the business, breaching the operating agreement and possibly resulting in liability.
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