Side-by-Side execution

Provide a detailed introduction on the Side-by-side execution. May two applications, one using private assembly and the other using the shared assembly be stated as side-by-side executable?

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Side-by-side execution allows you to run several versions of an application or component and CLR on the same computer at the same time. Since versioning is applicable only to shared assemblies and not to private assemblies. Two applications, one using a private assembly and other using a shared assembly, cannot be stated as side-by-side executable.

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