Examlex
A covenant that passes with the land so that whoever owns the land is bound by or entitled to the benefit of the covenant
Sole Proprietorship
Business ownership in which there is no legal distinction between the sole proprietor’s status as an individual and his or her status as a business owner.
Partnership
A legal business structure where two or more individuals agree to share the profits and losses of a business.
Corporation
Legal organization with assets and liabilities separate from those of its owner(s).
Franchise
A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.
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