Examlex
Which of the following is/are NOT a/an advantage to a joint venture?
A) The local partner's reputation enhances access to local financial markets.
B) The local partner might take advantage of proprietary information.
C) There are higher agency costs than with a purely domestic firm.
D) The local partner's public image may enhance local sales.
Rescind
To revoke, cancel, or repeal a law, order, or agreement.
Sue
To initiate a lawsuit or legal action against an individual or entity in a court of law.
Mistake Of Law
An error arising from misunderstanding or ignorance of legal principles, which can affect the validity of a contract.
Legal Actions
Legal actions are formal steps taken within the judicial system to enforce or defend rights, often involving lawsuits or proceedings in court.
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