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What Is the Business Cycle and Why Does It Occur

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What is the business cycle and why does it occur?


Definitions:

Royalties

Royalties are payments made to copyright or patent holders, or to authors and musicians, as compensation for the use of their original work.

Kimble V. Marvel

A legal case where the Supreme Court decided on the issue of patent royalties continuing after the patent's expiration.

Patent Expires

The point at which a patent's protection ends, allowing the once-patented invention to be freely made, used, and sold by others.

Copyright Expires

The termination of copyright protection, allowing the work to enter the public domain and be freely used by anyone.

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