Examlex
In a proprietary system, a commercial vendor opens their technology to other companies.
Mutual Benefits
A situation or agreement in which all parties involved gain advantages or profits.
Multinational Corporation
An enterprise operating in several countries but managed from one (home) country, typically having a centralized head office where they coordinate global management.
Host Country
The country in which a multinational company operates a facility outside of its home base, subject to the host country's laws, regulations, and cultural expectations.
World Trade Organization
The World Trade Organization (WTO) is an international organization that regulates and facilitates international trade between nations, aiming to ensure smooth, fair, and free trade.
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