Examlex
With an operating lease, the lessee - who uses the asset - is responsible for the maintenance of theasset.
Tying Arrangement
An illegal agreement in which the sale of one product is tied to the sale of another.
Cross-Licensing Agreement
An arrangement where two or more parties grant each other rights to intellectual property, often to use patents without suing for infringement.
Legal Tying
Refers to a potentially prohibited practice where a seller requires the purchase of an unwanted item or service in order to buy the desired item.
Fee Simple Absolute
The highest and most complete form of property ownership, granting the owner unlimited rights to the property.
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