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08.07.2022 - 14:29

What does a “weak partner” entail in international business transactions?

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What does a ‘weak partner’ entail in international business transactions?

Answers (1)

Solomon April 3, 2023 в 23:52

A 'weak partner' in international business transactions refers to a partner or counterpart that has limited financial or economic resources and may be susceptible to economic or political instability. This can pose a risk to the transaction and the success of the business venture. A weak partner may be unable to fulfill its obligations or commitments, leading to financial losses and legal disputes. Therefore, it is essential for businesses to carefully evaluate and assess the financial stability and reliability of potential partners before making international transactions.

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