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A navigable (in the legal sense) river runs along the boundary between New York and Pennsylvania.Ned owns a farm along the New York side of the river Pete owns a farm in Pennsylvania across the river from Ned's farm.Who owns the riverbed, or at least part thereof, between the farms:
Franchise Fee
The upfront payment a franchisee makes to a franchisor for the rights to use the franchisor's brand, system, and ongoing support.
Due Diligence Fee
A fee paid by a potential buyer to review a company's assets, liabilities, and operations before finalizing a purchase or investment.
Freedom and Creativity
The liberty to innovate or create without restrictions, often essential in artistic and entrepreneurial pursuits.
Major Disadvantage
A significant drawback or negative aspect associated with a decision, plan, or situation, potentially hindering success or satisfaction.
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