Examlex
Discuss the capacity required for an agent to be contracted as a principal or an agent.
Leasehold Interests
A tenant's rights to use and occupy real estate for a predetermined period as defined in a lease agreement.
Indefinite Term
A contract or agreement duration that lacks a specific end date, often continuing until one party gives notice of termination.
Sale-and-Lease-Back
A financial transaction where one sells an asset and immediately leases it back from the buyer, maintaining its use while freeing up capital.
Deductible Expense
An expense that can be subtracted from taxable income, reducing the total amount on which tax is assessed.
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