Some Possibilities for New Startup Ideas Based on Knowledge Gleaned

question 59

True/False

Some possibilities for new startup ideas based on knowledge gleaned from a present or recent job are modifying an existing product, improving a service, or duplicating a business concept in a different location.

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Definitions:

Third-party Beneficiary

This is an individual or group that benefits from a contract although they are not one of the primary parties involved in the agreement.

Incidental Beneficiary

An individual or entity that might receive a benefit from a contract between two other parties, despite not being an intended party of the contract.

Intended Beneficiary

A person for whom a contract is specifically made and who has the right to enforce the contract terms against the parties involved.

Donee Beneficiary

A third party who benefits from a contract between two other parties, especially in the context of gifts or estates.