define nonfungible role
Many technology-based partnering assets are idiosyncratic (i.e., little value in other partnerships) and nonfungible (i.e., cannot be sold at any appreciable price) (Mentzer, 1999). The major risk carried by the investing company is the need to recoup its investment, which might lead to opportunistic behavior that ultimately threatens the partnership (Gundlach, Achrol, and Mentzer, 1995).