Examlex
The value of patents on inventions is increasing because of the competitive edge organizations gain by constant innovation and creation of new products.
Non-Exclusive Territory
A designated area where more than one entity is granted rights or privileges, such as sales or distribution, by an agreement.
Limited Liability Partnership
A partnership arrangement in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.
Separate Legal Entity
An entity that is legally distinct from its owners or members, capable of having its own rights, duties, and obligations.
Business Organization
An entity formed for the purpose of carrying on commercial enterprise, including corporations, partnerships, and sole proprietorships.
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