When ownership is shared between foreign partners it is known as a(n):

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When ownership is shared between foreign partners, it is known as a joint venture. A wholly owned subsidiary is when a parent company owns all of the shares of a subsidiary company. A licensing agreement is when a company grants the rights to use its intellectual property to another company. Foreign partnership is a general term that can refer to any type of partnership involving foreign entities. Joint subsidiary is not a commonly used term in international business.

When Ownership Is Shared Between Foreign Partners It Is Known