Examlex
Some businesses choose not to obtain a patent because it provides protection for only a limited time.
Holder in Due Course
A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.
Consideration
The value promised, given, or performed that motivates parties to enter into a contract, being essential for its validity.
Indorser
A person who endorses a negotiable instrument.
Rights
Entitlements or permissions, either granted by law or moral principles, allowing individuals to perform certain actions or to be treated in specific ways.
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