In a joint venture agreement, a/an ________ clause is one in which the partners agree to be responsible on multiparty guarantees only to the proportion of their shareholdings.

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A counter-indemnity clause is a provision in a joint venture agreement whereby each partner agrees to indemnify the other partners for any losses, liabilities, or damages that may arise out of the joint enterprise. The clause limits the indemnification obligation of each partner to the proportion of their shareholding, thereby sharing the risk equally among the partners.

In a Joint Venture Agreement, A/an ________ Clause Is One