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WordNet-Online
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Definitions from the WebTerm: Production-SharingDescription:Production-sharing refers to a contractual agreement between two or more parties, typically a company and a government, where the risks, costs, and profits associated with a project or venture are shared based on predetermined terms. Sample sentences:1. The oil company signed a production-sharing agreement with the government to jointly develop and exploit the offshore oil reserves. 2. The production-sharing model has encouraged foreign investment in the country's manufacturing sector. 3. Under the production-sharing contract, the film studio provided the necessary resources while sharing the profits with the actors. Possible related products: | ||||
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