Examlex
Which of the following best describes the term,internal rivalry?
New Partnerships
Newly formed legal entities created by two or more parties agreeing to do business together for profit.
Dissociated Partner
A partner who has withdrawn from a partnership, thereby ending his or her involvement with the business.
Liability
The legal responsibility or obligation to compensate for harm caused, debts owed, or for fulfilling specific duties.
LLP
Limited Liability Partnership, a legal structure for a business where partners' liabilities are limited to their investment in the partnership.
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