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Essay text:
"The code includes eleven articles covering a variety of areas such as sales, negotiable instruments, bank deposits and collections, and investment securities."
Licensing means that you are granting the rights to your product concept to another manufacturer / distributor for a percentage of the wholesale selling price. Inventors do not have much if any control over the product, look, name, outcome, etc., but also do not have any financial risk. Selling your product either means selling your company to another company or that you are producing and directly selling your finished goods into retailers...
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