Overall, 70% of All Joint Ventures Break Up Within 2

question 64

True/False

Overall, 70% of all joint ventures break up within 2.5 years.

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Definitions:

Automatic Renewals

Contract clauses that allow agreements to continue for a new term unless specifically canceled by one party.

Law on the Promotion

Legislation enacted to support and encourage certain activities, industries, or practices within a legal jurisdiction for economic or societal benefits.

Leasehold Estate

The leased property.

Premises

Land and the buildings on it, referred to especially in the context of business or law.