Examlex
Condoms are 100% effective at preventing disease.
Licensee
An individual or entity that has been granted legal permission by a licensor to use, produce, or sell someone else's product, technology, or intellectual property.
Direct Ownership
A method of entering an international market in which a domestic firm actively manages a foreign company or overseas facilities.
Assembly Plant
A facility used for industrial production where pieces of products are put together to construct a finished good.
Legal Agreement
A binding contract between two or more parties that is enforceable by law.
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