_________ are governance clauses in which parties often specify how profits or assets created from alliances are to be split among partners.

Question

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Residual rights clauses are typically used to determine how profits or assets from an alliance will be distributed among the partners. These clauses outline the percentage of profits or assets that each partner will receive based on their level of investment or contribution to the alliance. Voting rights clauses determine how decisions will be made within the alliance, dispute resolution clauses address how conflicts will be resolved, and noncompete clauses prohibit partners from competing against each other in certain markets or geographic areas.

_________ Are Governance Clauses in Which Parties Often Specify How