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I am a student of ICWAI (Intermediate). I looking for some
information about Rayalty and Hire Purchase.
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Answer Posted / rajesh sharma
DEAR Nischint,
You told two question,
1. Royalty, To a invention a person invest many time money
etc. therefore A consititution for the purpose of he have
right to use ehere invention for a limited time period, the
creature may use the invention or sell the right to others,
in the remuneration he get the royalty.
2. Hire Purchase is a system is a loan system where
physically asstes is used by borrower,but leagally owner of
the assets is who, who mortage the assets, you have the
possesion on assets but no have right sold or mortage to
other.
| Is This Answer Correct ? | 3 Yes | 7 No |
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