Two organizations that are positioned at different stages along the value chain form an alliance. The contract includes the conditions under which the contract will be closed and the consequences of closure for each partner. Which of the following clauses specifies the above conditions?

Question

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Termination clauses specify the conditions under which a contract can be closed and the consequences of closure for each partner. Preemption rights clauses deal with the right of one partner to purchase the share of the other partner, while voting rights clauses deal with the power to make decisions within the alliance. Noncompete clauses restrict a partner from competing with the other partner's business.

Two Organizations That Are Positioned at Different Stages Along the Value