principal partner definition
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- Principle Partners1 is a specialist financial services executive search firm with a diverse portfolio2 of clients including asset management companies, hedge funds, private equity firms and technology companies.
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- Army's new camouflage uniforms hit stores July 1 The Army begins its transition to new combat uniforms in a month, the Army said Monday, but soldiers can expect a lot of mixing and matching of camo items for the next several years. The uniforms with the
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What is a 'Partnership' A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. Various partnership arrangements are possible: all partners might share liabilities and profits equally, or some partners may have limited liability. Not every partner is necessarily involved in the management and day-to-day operations of the venture, such as in the case of a silent partner. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations.
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What Is a Principal-Agent Relationship? The Principal-Agent Relationship. A principal-agent relationship is an arrangement between two or more individuals. Specifically, the agent of the relationship performs a task on behalf of the principal. This is often due to different degrees of knowledge and skills.
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Principal (commercial law) Principal (commercial law) For other uses, see Principal (disambiguation). In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (Latin he who acts through another, acts personally).
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- Principal Contractors. A Principal Contractor is defined under the Work Health and Safety Regulation 2011 (s293) as: (1) A person conducting a business or undertaking that commissions building and construction work, is the principal contractor for the building and construction work.
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partner partner definition: The definition of a partner is a person who takes part in an activity or business with others or one of two people who are in a relationship. (noun) An example of a partner is someone who owns a business with another. An example ...
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What is a 'General Partner' General Partner. What is a 'General Partner'. A general partner is an owner of a partnership who has unlimited liability. A general partner is also usually a managing partner and active in the day-to-day operations of the business.
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Principal: Home / Glossary / Principal. The principal, with regard to a surety bond, is the person or party that is required to perform the obligation in a surety bond agreement. The risk associated is based on the principal's ability to perform the required obligation. When the principal fails to meet the obligation, the potential for a claim on the bond arises.
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Definitions &Translations Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Partner(noun) one who has a part in anything with an other; a partaker; an associate; a sharer. 2  Partner(noun) an associate in any business or occupation; a member of a partnership.
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Can an LLC Have Principals? A principal is an owner of all or a portion of a private company. A principal is the one who can sign legal documents on behalf of a company or designate an agent to do so on her behalf. A principal in a transaction is someone who has an ownership stake or vested interest in that transaction.he Term: Member or Principal. Legally, a person or business that owns a stake in a limited liability company is referred to as a member. Whenever you correspond with or submit any documentation to your state's secretary of state, you will need to use the term member when referring to the LLC's owners.
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principal 1. 'principal'. Principal can be an adjective or a noun. The principal thing or person in a group is the most important one. His principal interest in life was money. The principal character in the film was played by John Hurt. The principal of a school or college is the person in charge of it.
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Law of agency Hence, for example, in English law, a partner is the agent of the other partners whereas, in Scots law where there is a separate personality, a partner is the agent of the partnership. This form of agency is inherent in the status of a partner and does not arise out of a contract of agency with a principal.
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Definition of principle in English: Principal, on the other hand, is normally an adjective meaning ‘main or most important’, as in one of the country’s principal cities. Principal can also be a noun, where it is used to refer to the most senior or most important person in an organization or other group: the deputy principal.
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DEFINITION of 'Principal Place Of Business' Principal Place Of Business. DEFINITION of 'Principal Place Of Business'. The primary location where a taxpayer's business is performed. The principal place of business is generally where the business's books and records are kept and is often where the head of the firm – or at least upper management – is located.
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Business partner A business partner is a commercial entity with which another commercial entity has some form of alliance.This relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties.Alternatively, it may be a very loose arrangement designed largely to impress customers and competitors with the size of the network the business partners belong to.his relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties. Alternatively, it may be a very loose arrangement designed largely to impress customers and competitors with the size of the network the business partners belong to.
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principal broker A name given in some states to the responsible party in a real estate office;sometimes called the managing broker or the qualifying broker.It is the person legally authorized to enter into agency contracts with consumers,and the person legally responsible for supervising the agents who work under that supervision.
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- In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se. It is a parallel concept to vicarious liability and strict liability in criminal law or torts.
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Definitions &Translations partner - an associate in an activity or endeavor or sphere of common interest; the musician and the librettist were collaborators; sexual partners
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What is a Principal Officer? A principal officer is a superior position among prison officials, primarily in Her Majesty's prisons in the United Kingdom, the Northern Ireland Prison Service and the Scottish Prison Service. He or she is directly involved with preparing the case officer for a prisoner's release.
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What Is the Meaning of a Strategic Partner? A strategic partnership is an agreement between two distinct business entities to share expertise, resources or competencies for mutual benefit. Typically, you seek out a strategic partnership to fill a gap in your own strengths or to create a synergy that increases your profit potential. A partnership normally has a defined time period or plan for periodic review. You sometimes outline the details in a contract or formal agreement.
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- Beijing weather text for Sat 17 th October. The weather is forecasted to be sunny with daytime temperature reaching 28 °c. Night time temperature are expected to be 16 °c .It will be dry with no precipitation. The visibility is going to be around 10 km i.e. 6 miles and an atmospheric pressure of 1016 mb.eijing is the capital city of China and one of the largest cities in the world when it comes to population. Beijing can be found in northern China and is its own municipality that is surrounded by the Hebei province and the Tianjin Municipality.
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What is a principal in a small private company? What is the document that refers to you as a principal (articles of incorporation, a registration of some sort, a business license, or some other document)? You state that you have no ownership in the company, but do you have any relationship: an employee, consultant, director, or other relationship?nswers. Best Answer: A principal of a company is a non-legal term that means one of the primary persons -- either the owner, proprietor, sole shareholder, director, president, managing partner and the like.
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Trade Definitions The Foreign Principal Party in Interest (FPPI) is the party shown on the transportation document to whom final delivery or end-use of the goods will be made. This party may be the ultimate consignee (§30.1). Generally the FPPI is the foreign buyer of the goods that are purchased or obtained for export.
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- Principal investigator. A principal investigator (PI) is the holder of an independent grant administered by a university and the lead researcher for the grant project, usually in the sciences, such as a laboratory study or a clinical trial.
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Frequently Asked QuestionsFor Real Estate Licensees In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.rincipal-Agent Examples. In a real estate office, a broker is a principal, and other agents act on his behalf in the office. If an agent acts illegally, the office and principal broker face potential liability.