NON-EXCLUSIVE LICENSE
A license that grants several licensees within the same industry, the same rights to an intellectual party at the same time or consecutively.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A license that grants several licensees within the same industry, the same rights to an intellectual party at the same time or consecutively.
Obligations such as wages that have to be fulfilled, without worrying about interest accrual.
An asset or investment such as interest income from a fixed deposit, that generates additional income for a business, but is not a part of the operation of the business.
Costs such as the administration costs that are a non-contributing factor to the manufacturing cost of a product.
Natural resources such as gas, coal, etc that can be consumed only once and hence are irreplaceable. Currently, most of the energy resources that we use are non-renewable. The renewable resources are
A balance sheet based on the concept that equal value should be placed on a firm’s intellectual and physical assets. As such, it assigns an arbitary value to intellectual assets, intellectual capital
The classification of group industries into 20 sectors, which are further classified into 1,170 industries based on the establishment type. The identification is through the assignment of a 6 digit code. For
Refers to an individual belonging to the notary exercising his official authority. For example, the authentication of a document is guaranteed by the placement of the notarial seal on it.
1. Finance: A statement notifying the financial institution of the account holder’s intent to withdraw funds. 2. Legal: A statement or notice that is addressed to a partnership or the other parties
A proposal that has to be verified before its acceptane or rejection to favor a relative proposal. A common null hypothesis states the absence the absence of a relationship between the two
The total sum of direct and indirect costs to the manufacturer on a product or service provided.
The agreement that allows the buyer to occupy a property beforethe deal is finalized. This is in consideration with the payment of a specified amount of rent.
The issuance of highly rated commercial papers is carried out by financial institutions through the use of this instrument. It is treated as a separate entity that is not registered on the
A public advertisement offering all individuals a reward, usually a monetary compensation in exchange for some valuable information that the individual is aware of.
The Federal reserve’s commentary that provides an explanation of the interpretations of regulations while acting as a guide to consumer’s exercise of rights. The format of the commentary follows that of a
Manufacturing or assembly at an offshore facility due its relatively cheaper labor and raw material costs. The finished goods are then imported into the manufacturer’s home country.
The gap between the potential and actual GDP of a country. If the actual output is higher, the gap is referred to as an inflationary gap. If it is lower, it is
On a bill of lading, this notation refers to goods carried on the deck (i.e. not in the hold), exposing the goods to water damage from rain and the sea. Letter of
This is a tax deduction that will normally only apply for one tax year. A homeowner may get a one-time only tax deduction in the year that they sell their house, for
Sales technique delivered at the consumer?s home or work-place. Typically involves product samples and demonstrations.