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The Contracting Process with Families:​

question 14

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The contracting process with families:​


Definitions:

Profits

The financial gain made in a transaction or operation after all expenses are subtracted from revenue.

Licenses

Permits granted by an authority to an individual or organization to engage in a particular activity or occupation.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Real Property

Land and anything permanently attached to it, like buildings, along with the rights associated with the ownership of land.

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