_______ Refers to the Practice in Which a Company or Individual

question 44

Short Answer

_______ refers to the practice in which a company or individual provides the foreign partner with the technology to manufacture and sell products or services in a target country for an annual fee.

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Definitions:

Substantial Performance

Performance of a contract in all but a minor aspect of it.

Supreme Court

The highest court in a country or jurisdiction, often having the final say in matters of constitutional and federal law.

Voidable

Referring to a contract or transaction that may be declared invalid by one party, typically due to factors like misrepresentation or undue influence.

Certified Cheque

A means of transferring funds by cheque where payment is, in effect, guaranteed by the bank.