Most important among these are the maintenance of those institutions that protect and facilitate the acquisition and exchange of property rights.

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Citizens, through their representatives, make laws that specify who and how many immigrants will be welcomed, and on what terms, as a legitimate exchange of property rights, for perceived benefits.

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The parent signs a contract giving European rights to its intangible property to the new company in exchange for marketing help in Europe.

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That includes reverse mortgages, in which homeowners sign over property to financial institutions and, in exchange, receive lifetime monthly payments and residence rights in their homes.

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