Examlex
There is asymmetric information in the auto insurance market because companies know more about customers' driving habits and can predict very well the chances of customers getting into an accident than the customers.
Fee Simple Absolute
The highest and most complete form of property ownership, granting the owner unlimited rights to the property.
Property Rights
Legal rights to own, use, and dispose of assets, including real estate and personal property.
Land
The surface of the earth and any attached natural or man-made structures, considered as property.
Patent Agreement
A legal contract in which a patent owner allows another party to use, sell, or manufacture the patented invention for a specified period, usually in return for royalties.
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