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Distributors take ownership of merchandise when it enters their country.
Franchise Agreement
A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for operating a franchised business.
Joint Venture
A collaborative agreement where several participants contribute their resources to fulfill a targeted objective.
Licensing Agreement
A contract in which one company (the licensor) grants permission to another company (the licensee) to use the licensor’s intellectual property in return for payment.
Ethical Decision
The process of choosing among alternatives in a manner consistent with ethical principles.
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