related party transaction


A business deal between two related parties. There are special regulations which must be followed when completing a related party transaction, including that all companies must report related party transactions. Due to the potential conflict of interest that often exists, related party transactions can sometimes result in scandals or illegal business practices.

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You should try and follow any related party transaction so that you know what other companies are doing to improve.

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The related party transaction was going well and I was glad that both companies could work together so productively with each other.

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I was writing a song for an artist on mca records and there was an artist on epic records who wanted to do a duet with the artist on mca. In order for us to be responsibly working together, i had to have a related party transaction signed by both parties.

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