I- Jack Inc and Sys/Com Ltd Are Two Large Corporations

I- Jack Inc and Sys/Com Ltd are two large corporations carrying on telecommunications businesses. They want to work together to set up a new business that would develop and sell telephones specifically designed to take advantage of the new Internet services each is offering. Their idea is that the new telephones could be sold with their telecommunications services as a package. Sys/Com will be responsible for the management of the business. This joint venture could be set up as

A) a partnership, in which each of I- Jack and Sys/Com are partners, and the parties' respective rights and obligations are set out in a partnership agreement.
B) a relationship in which the parties' respective rights and obligations are set out completely in a contract between I- Jack and Sys/Com.
C) a corporation, in which each of I- Jack and Sys/Com are shareholders, and the parties' respective obligations are set out in a shareholders' agreement.
D) a relationship in which the parties' respective rights and obligations are set out completely in a contract between I- Jack and Sys/Com, where Sys/Com is an agent with authority to bind I- Jack for obligations incurred to carry out the joint venture business.
E) any of the above.