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How do patents protect new technology?
Market Value
The current price at which an asset or service can be bought or sold in an open and competitive market environment.
Consideration
A fundamental component in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.
Binding
Describes an agreement or legal decision that is enforceable by law, meaning parties are legally obligated to comply with the terms.
Consideration
The benefit which must be bargained for between the parties and is the essential reason for a party entering into a contract.
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