Thread: Allegiant Air
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Old 06-30-2016 | 08:21 PM
  #3331  
GordoCooper's Avatar
GordoCooper
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Ok, I'll join in.
Scope! We don't have it!
A yes vote allows joint ventures. This is simply a Cornell law deal.

joint ventures: an overview

A joint venture is a legal organization that takes the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit. Generally each person contributes assets and share risks. Like a partnership, joint ventures can involve any type of business transaction and the "persons" involved can be individuals, groups of individuals, companies, or corporations.

Joint ventures are also widely used by companies to gain entrance into foreign markets. Foreign companies form joint ventures with domestic companies already present in markets the foreign companies would like to enter. The foreign companies generally bring new technologies and business practices into the joint venture, while the domestic companies already have the relationships and requisite governmental documents within the country along with being entrenched in the domestic industry.

MG is very open to business partnerships. Rumors of Mexico for us? Maybe not! Could be handled as a joint venture. As can any other agreement here in the States. This 'contract' is vague at best. Take a close look at scope. This is just the easiest example I looked at. There are really very few scope protections for us. It all depends on what is a "charter", what is a "joint venture", what is "purpose of marketing" etc.

Can you hire another group of pilots and aircraft to conduct a "marketing study" for new routes, airplanes, etc? Could it be a "joint venture"?

A vague "scope" guarantee to me!

(But I seem to get attacked whenever I'm on here, but I don't mean to offend. I truly see a lot of things we can easily patch up before we sign this. remember, it looks like we have an advantage of bargaining opportunity for the moment.......maybe we should take the opportunity!
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