Examlex
A licensor may assist a licensee in what areas?
Agreement
One of the four elements necessary for a contract; consists of an offer made by one party, the offeror, and the acceptance of the offer by another party, the offeree.
Agent
Describes a person or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.
Principal
In a contractual or fiduciary relationship, the principal is the party who authorizes an agent to act on their behalf.
Authority
The power or right to give orders, make decisions, and enforce obedience.
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