Examlex
A license agreement is a grant to someone else to use the company's _____ and exploit it in the marketplace by manufacturing, distributing or using it to create a new product.
Substantial Losses
Significant financial deficits encountered by a business, usually indicating a much greater extent of economic damage beyond normal losses.
Output Contract
An agreement between a producer and a buyer to sell and purchase a specific amount of output at a specified price.
Specialization
The process of focusing efforts on a specific activity, product, or service to gain efficiency or quality improvements.
Economically Beneficial
Describes actions, policies, or activities that result in a positive impact on economic well-being, efficiency, or growth.
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