Dave Walters, chairman of Ffos Las Racecourse and Walters Group said Northern Racing would work with them as operating partner "to develop the facility to its full potential".
For example, the recession has barely taken hold at La Gran Plaza, the recently opened 1.1-million-square-foot retail center in Fort Worth, Texas, where Legaspi serves as part owner and operating partner.
"So instead of building a phone, which seems like a desperate move, Facebook should partner with every operating system and carrier and hardware maker it can to try to embed this social platform within every mobile platform, " Blodget said.
If you are relatively weak at managing operational details, partner with a strong chief operating officer.
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Purported diplomatic cables published by WikiLeaks suggest that Igor Sechin, the deputy prime minister and chairman of Rosneft, BP's new partner, was co-operating with Alfa (Mr Fridman's firm) and played a part in Mr Dudley's ouster.
Most of the private schools operating abroad license their brand names to a local partner.
Vale is a partner in 11 hydroelectric power stations currently operating in Brazil, and working on one new dam, known as the Estreito dam in Tocantins state in the north.
Morgans has a management contract to run the properties and is a real estate equity partner in all of them, shouldering its share of all operating expenses including its own management fee.
He had four other titles at Peconic, including Executive Vice President and Chief Operating Officer, and was, according to his claim, a 15% partner in the business.
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Those companies were able to clone the IBM PC because IBM made the mistake of allowing its partner, Microsoft, to license a virtually identical version of its PC-DOS operating system to any takers.
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