Examlex
Which of the following strategies for fragmented industries grants the right to use the parent's name,reputation,and business model in a particular location or area in return for a fee and often a percentage of the profits?
Legal Consulting Partnership
A business arrangement in which lawyers offer advice and expertise in specific legal areas to clients, sharing profits and liabilities.
Jointly Liable
A legal term indicating that two or more parties are fully responsible for fulfilling an obligation or paying off a debt.
Bank Loans
Financial borrowings from a bank that need to be repaid with interest.
Partnership
A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.
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