
BUSINESS ORGANIZATIONS AND BUSINESS LAWS 279
Indemnity: It is a contract by which one party promises to save the other from loss to him/her
through the conduct of the promisor himself, or through the conduct of any other person.
Intellectual Property: An umbrella term for various legal entitlements that attach to property
resulting from original creative thought, such as patents, copyright material, and trademarks.
Listed Public Companies: A public company that has listed any of its securities in any recognized
stock exchange.
Memorandum of Understanding (MOU): The MOU of a company is an important document as
it defines and confines the powers ...