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Insight Innovative Solutions’s requirement with respect Partner Disengagement. In cases where separation becomes inevitable a structured approach is followed to ensure the smooth transitioning.
Types of Disengagement
Disengagements are classified based on the nature of separation.
- Permanent or Temporary
- Phased or Immediate
Permanent Disengagement
The business relationship is terminated permanently for reasons such as code of conduct violations, Partner bankruptcy and Partner discontinuing their business.
Temporary Disengagement
The relationship is disengaged on a temporary basis for reasons arising out of Partner performance where the partner may be inducted again in the future.
Phased Disengagement
The partners are disengaged in a phased manner when Partner wants to discontinue the business with Insight Innovative Solutions based their decisions.
Immediate Disengagement
Partner is disengaged immediately due to reasons such as code of conduct violations. All business relations will be terminated with immediate effect in such cases.
Guidelines for Disengagement
Reasons |
Types |
Integrity or Ethical Practice of Partner. |
Permanent - Immediate |
Business Code of Conduct Violations. |
Permanent - Immediate |
Partner Not Interested in Business Relations with INSIGHT INNOVATIVE SOLUTIONS. |
Permanent - Phased |
Partner Performance Issues. |
Temporary - Immediate |
Partner Bankruptcy, Insolvency, Ownership Transfer, Joint Venture |
Permanent - Phased |
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