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Arthur contracts to sell Ben his house for $100,000.Later the parties modify the contract by changing the price to $110,000.All other terms remain the same.Why is there no consideration for the second agreement? State two ways in which the parties can circumvent this problem.
R&D
Stands for Research and Development; activities companies undertake to innovate and introduce new products or processes.
Patentable
Capable of being protected by a patent, which grants the holder exclusive rights to an invention or process for a certain period.
Imitation
The action of using someone or something as a model and attempting to replicate their behavior, strategy, or design.
R&D Expenditures
Financial investments made in the research and development sector, aimed at fostering innovation, creating new products, improving existing products, or discovering new technologies.
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