Examlex
In a(n) _____ alliance, firms typically join together to sell and deliver products or services.
Patent
A patent is a legal right granted to an inventor or assignee, providing exclusive ownership over an invention for a certain period, typically 20 years.
Legal Life
The duration for which legal protection is granted to an intangible asset, such as a patent or copyright.
Useful Life
Refers to the estimated duration an asset is expected to remain functional and useful for its intended purpose before it requires replacement.
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