Licensing A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specified period‚ and in return‚ the licensor receives a royalty fee from the licensee. 15 Intangible properties includes patents‚ inventions‚ formulas‚ processes‚ designs‚ copyrights‚ and trademarks Advantages Disadvantages the firm does not have to bear the development costs and risks associated with opening a foreign market. Licensing is very
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"Digital Bangladesh" is currently the most commonly used words in politics‚ media‚ among the intellectuals and the civil societies. Since our Prime Minister Sheikh Hasina in her party’s election manifesto pledged to develop a digital Bangladesh by 2021‚ it has given a great hope to the citizens of Bangladesh. It turned out to be an opportunity for our prime minister to be in the United States during the time of election‚ and experiencing the Obama election campaign. Her learning has helped Awami
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AGREEMENT OF SALE This Agreement of Sale is made and executed on this the 16th Day of March‚ 2013 by and between : Smt. CH. PADMAVATHI‚ W/o. Sri. Srinivasa Rao‚ aged about 51 years‚ Occ: Business‚ R/o. Plot no. 174‚ Road No. 72‚ Prashasan Nagar‚ Jubilee Hills‚ Hyderabad – 500033. (Hereinafter called the VENDOR which term shall mean and include all her legal heirs‚ representatives‚ executors‚ administrators and assignees etc.). INFVOUR OF Sri. MANDALA SRIRAMULU‚ S/o. Late
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Seva Bharat recognizes the critical importance of protecting the privacy of individuals and securing the confidentiality of all official records. Employees of the Department of Information Technology (IT) will make appropriate efforts to protect and secure official data and information. IT positions frequently have privileged access to computing systems‚ applications‚ databases‚ network monitoring tools and other equipment that may contain records and information that are private and confidential
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SECTION 2: THE AGREEMENT An agreement is the essence of every contract. The parties to a contract are the offeror (who makes an offer) and the offeree (to whom the offer is made). If‚ through the process of offer and acceptance‚ an agreement is reached‚ and the other elements are present (consideration‚ capacity‚ legality)‚ a valid contract is formed. KEY VOCABULARY Material: Subject (matter): Offeror: Offeree: Firm offer: Party (parties): Revoke: Entitled: Disclaim: WARM-UP QUESTIONS:
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Trade agreements are a way for Americans to create opportunities for themselves in the economy. Today the United States have free trade agreements with seventeen different countries. In the rest of the world the companies in the US that want to expand their business globally have to go through the process of figuring out different trade barriers and tariffs. A trade barrier is a restriction on international business. A tariff is a tax on exported goods. The world trade organization helps regulate
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ASPECTS OF BUSINESS LESSON 10: VOID AGREEMENTS Learning Outcomes After today’s class you should be able to answer the following questions; • • • The agreements expressly declared to be void The uncertain agreements The wagering agreements have not been discussed in the preceding chapter. Illegal agreements are also ‘unlawful agreements’ as they are expressly declared void by the Contract Act. It may be recalled that in the case of illegal agreements‚ transactions collateral to them are
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An offset agreement is a stipulation made between a foreign supplier and a company which requires the supplier to purchase a certain amount of goods from that country in exchange for a contract. Offset agreements can be direct or indirect‚ depending on what raw materials the country may have. These agreements are often required in order to award a foreign contract to a large company producing valuable goods. A direct offset agreement means that the supplier has agreed to buy something from the
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Prenuptial Agreements The Uniform Premarital Agreement Act is a regulation that allows the parties of a premarital contract to choose the states jurisdiction under which their contract will fall. A couple can choose any state in which one of the parties live or plans to live or the state in which the couple will be married. Because this act has not been passed in all states‚ parties to a prenuptial contract are also limited to choosing only the states that have passed the Uniform Premarital Agreement
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The Four Agreements The Four Agreements After reading The Four Agreements by Don Miguel Ruiz I realized I’ve been living dreams of other people in my life and not my own. It was decided early on what I should do‚ what’s possible and what’s not. Starting at birth we are told what to think by our parents‚ schools‚ and church. Subconsciously‚ we have made agreements with them to live our life according to their rules. Don Miguel believes that these agreements are self-limiting and shares four
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