Examlex
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Principal
A party who has the primary responsibility in a transaction or legal action, or the amount of money originally invested or loaned, excluding any profits or interest.
Agent
An individual or entity authorized to act on behalf of another person, known as the principal, in legal or business matters.
Incorporation
The process of legally declaring a corporate entity as separate from its owners.
Management
The process of coordinating and overseeing the operations and activities of an organization or business to achieve defined objectives.
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