What is an interdependent contract?

What is an interdependent contract?

Interdependent Contracts means each arrangement whereby (i) a Sold Company or Sold Subsidiary is acting as a subcontractor to the Company or any of its Subsidiaries (other than the Sold Companies and Sold Subsidiaries) with respect to a Contract with a Governmental Body, prime contractor, or higher-tier subcontractor; …

What is an interdependent business?

Interdependence means that things depend on each other. In the business context this means that the four main functional areas of a business need each other in order to carry out their own responsibilities, and in order for the business to operate effectively.

What is an interdependent lease?

Leases – Interdependent leases There are two properties side by side owned by different entities and both properties are to be leased to the same tenant.

What is the difference between dependent and interdependent?

Dependence is one-sided and typically involves one person relying on another person or thing. Interdependence is a mutual reliance or mutual dependence. In a case of dependence, there is no mutuality.

What is an example of a interdependent?

The definition of interdependent is two or more people or things that rely on or are affected by each other. When two people need each other and each feels it impossible to survive without the other, this is an example of a situation where the people would be described as interdependent.

What is an interdependent product?

Some of the activities for a given product are independent of the other products, such as the product specific components. However, the other activities are common to at least two of the product lines.

What is independence and interdependence?

Independence: You get what you want through your own effort (attitude of I) Interdependence: Cooperate together to accomplish what we want (attitude of we) So interdependence is akin to being in a successful partnership or team, it’s not about I or you but rather is about we.

What are dependents?

Dependents are either a qualifying child or a qualifying relative of the taxpayer. Some examples of dependents include a child, stepchild, brother, sister, or parent. Individuals who qualify to be claimed as a dependent may be required to file a tax return if they meet the filing requirements.

Is interdependence good or bad?

Why Interdependence Is Healthy for a Relationship Interdependency gives each partner space to maintain a sense of self, room to move toward each other in times of need and the freedom to make these decisions without fear of what will happen in the relationship.

What is interdependence and give an example?

The definition of interdependence is people, animals, organizations or things depending on each another. The relationship between a manager and his employees is an example of interdependence.

What is the meaning of interdependent in English?

English Language Learners Definition of interdependent : related in such a way that each needs or depends on the other : mutually dependent See the full definition for interdependent in the English Language Learners Dictionary

Are We socially interdependent with each other?

We need to understand that we are socially interdependent with each other. The brilliance of the game comes from the way that each player is regularly assigned their own special skill, making them interdependent partners. These have just been published as Tiger Writing: Art, Culture, and the Interdependent Self.

Are ferns an interdependent society?

The ferns — and possibly similar plants — may form a type of complex, interdependent society previously considered limited to animals like ants and termites, researchers report online May 14 in Ecology. We need to understand that we are socially interdependent with each other.

What is an interdependent business-interruption risk?

When one named insured is a supplier to and/or customer of another named insured on the policy, there exists an interdependent business-interruption risk because a loss at one subsidiary can cause a loss of income or increase in operating expense at another subsidiary.