An Entity Instance Is an Occurrence of a Particular Entity

question 70

True/False

An entity instance is an occurrence of a particular entity.

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Definitions:

Royalty

A payment made to an individual or organization for the right to use their intellectual property, such as patents, copyrights, music, or literature.

Contractual Agreement

A legally binding arrangement between two or more parties that outlines the terms and conditions of their relationship or transaction.

Brand Licensing

A legal agreement where a brand owner permits another company to use the brand's name, logo, or product characteristics to manufacture and sell products.

Generic Branding

A strategy where products are marketed without a brand name, making them often cheaper than branded alternatives.