joint operating agreement
- joint operating agreement
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Dictionary from West's Encyclopedia of American Law.
2005.
- joint operating agreement
-
Any contract, agreement,
joint venture, or other arrangement entered into by two or more businesses in which the operations and the physical facilities of a failing business are merged, although each business retains its status as a separate entity in terms of profits and individual mission.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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