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Licensing
The act of granting official permission to use intellectual property, perform specific activities, or operate legally under defined conditions.
Sole Proprietorship
A business structure where a single individual owns and runs the business, enjoying full control and responsibility for its debts and liabilities.
Partnership
A lawful business structure involving two or more people who manage and profit together.
Manufacturing Franchise
A type of franchise agreement granting the right to manufacture and sell goods using the franchisor's trademark and business model.
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