MARC CUNNINGHAM
Updated 627 days ago
The general rule is that two corporate entities become "affiliates" when one such corporate entity becomes a minority shareholder (meaning that it owns less than 50% of the stock) of the other such corporate entity...
There can also be informal affiliate networks of companies selling similar or related products and services, passing leads and information among the affiliate members either gratuitously or for a commission, without any formal legal structure or legal liability between them...
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