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How is arbitration preferable to litigation, and what are criticisms of arbitration as compared to litigation?
Criminal Penalties
Sanctions or punishments imposed by law for the commission of criminal offenses, including fines and imprisonment.
Royalty Fee
A payment made for the right to use another party's intellectual property, such as a copyright, trademark, or patent, on a recurring basis.
Patent
An exclusive right granted for an invention, allowing the patent holder to exclude others from making, using, or selling the invention for a certain period.
Brewing Company
A business that manufactures and sells beer, often incorporating distinct styles and flavors.
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