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Leaf Leaf

Glossary

Partnership

Structure established by two or more foreign entities or individuals with or without a Chinese partner, the partnership agreement provides for the distribution of profits and losses.

Pledge 

A pledge is a form of real security giving the creditor (“pledgee”) proprietary rights over named property belonging to the debtor (“pledgor”).

Probation Period 

When hiring new employees, employers may use probationary periods to ascertain whether the new worker will be able to handle the duties and challenges associated with their new job. This period provides employer time to evaluate employees before making the job permanent.  

Put Option 

A put option is a financial clause between shareholders allowing one of them to force the other to buy his shares in the case a special event listed in the clause occurs. 

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