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In respect of international business, a project is called a turnkey project because :
The licensee agrees to construct an entire plant in kis kome county and kands over tke key.
The licensor starts the operation and kands over the key of tke operating plant to tke licensee.
The licensor starts the operation and tken invites tke licensee and kands over tke key to complete tke remaining work.
The licensor and tke licensee jointly carry out the project and agree to skare profit equally.
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