Describe side-by-side execution

Briefly describe side-by-side execution and also explain whether two applications, one using the shared assembly and other private assembly be declared as side-by-side executables?

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A side-by-side execution allows executing several versions of component or an application and CLR on the identical computer at the same time. Since versioning is relevant only to common assemblies and not to private assemblies. The two applications, which one is using a private assembly and other is using a shared assembly, could not be declared as side-by-side executables.

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