Basically, an Insurance Policy is a standard form of contract between the insurer and the insured. In the societies, there are different types of insurance policies and contracts which are designed to meet the...

Black market deals with the counterfeit or stolen items which are sold in the market illegally. Grey market usually deals with the genuine goods that are sold and bought through the unauthorized channel of...

In context to patent laws, filing date refers to the date on which the complete application requesting a patent is lodged. Priority date is the date which is used as a reference for checking the novelty of the...

Suspect is a person who is believed to be the one who committed a crime being investigated. On the other hand, Accused refers to a person who is charged with a crime.

Permanent Resident is a person who is authorized by a country to reside and work within the country’s boundaries and the person is not a citizen of this particular country. The status is known as permanent...