What is an "assignee"?, The person who transfers a right, The person who receives a right by transfer , The person who manages liquidation, The person who creates a design, What does "cease trading" mean?, To start a new business, To sell assets to a creditor, To stop operating as a business , To sign a new contract, What is a "licensor"?, The person who receives permission, The person who pays the invoice, The person who grants a licence , The person who buys the assets, What are "perishable goods"?, Goods that last for many years, Goods that can quickly spoil, like meat or fish , Goods stored in a warehouse, Goods with a serial number, What does "infringe" mean?, To follow the law, To store goods safely, To pay in instalments, To break a legal right, such as copyright, What is a "pitfall"?, A hidden problem or risk, A successful business plan, A formal notice period, A legal document for payment, What is "commission"?, A total price for goods, A document asking for payment, Money paid for services, often based on results, A natural disaster, What is "indemnity"?, A small breach of contract, A promise to compensate for loss , A plan for income and expenses, A period of warning.

Exercise 4

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