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The value-added tax, collected through the invoice method, exempts intermediate purchases from taxation.
Confidential Information
Information that is not public knowledge and is protected by law or agreement, disclosing it only to those who are authorized.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with a particular responsibility.
Gratuitous Agent
A person who acts on behalf of another without expecting or receiving payment, typically in a legal or business context.
Gratuitous Agent
An agent who acts on behalf of another without receiving any form of compensation or benefit for their services.
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