Permits, Licenses, or Certificates May Be Required for Your Business

question 25

True/False

Permits, licenses, or certificates may be required for your business. Local, county, and state government offices, as well as chambers of commerce, are good places to contact for this information.

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Definitions:

Original Offeror

The entity or individual who first makes an offer or proposal in a contract negotiation scenario.

Offer Terminates

The point at which a proposal or invitation to engage in a contract is revoked or becomes invalid.

Specified Time

A clearly defined or designated period within which something is supposed to happen or be completed.

Expressly Specify

To clearly and specifically state or define terms or conditions within an agreement or document.