An individual, business, or company a supplier contracts to deliver or carry out any part of the supplier’s contract obligations.
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The transfer of all rights to claim against third parties to an insurance company upon payment of a claim.
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A company controlled by another company, called parent company, usually through ownership of, at least, 50 per cent of its shares, or through other organizational or managerial agreement. There are several different types of relationship that a subsidiary company may…
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