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A depository bank receiving a check with a restrictive indorsement, such as "for deposit " must always honor the restriction.
Lessee
A person or entity who leases or rents property from another called the lessor.
Patent Holder
An individual or entity that legally owns the rights to an invention as recognized by a patent.
Assignee
An individual or entity to whom rights or interests have been transferred by another, known as the assignor.
Assignor
A person or entity that transfers rights or interests in a contract or property to another party, known as the assignee.
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