Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Unit 13 task 6
1. Employment
Employment is a relationship between two parties,
usually based on a contract, one being the employer
and the other being the employee
An employee contributes labour and/or expertise to an
endeavour of an employer and is usually hired to
perform specific duties which are packaged into a job.
An Employee is a person who is hired to provide
services to a company on a regular basis in exchange
for compensation and who does not provide these
services as part of an independent business.
Development
Development - means a progression from a simpler or
lower to a more advanced, mature, or complex form or
stage. It is also defined as the gradual advancement or
growth through a series of progressive changes.
Development is a process, not a level. It is a path to
achieve certain goals.
2. License
The verb license or grant license means to give
permission.
A licensor may grant a license under intellectual
property laws to authorize a use (such as copying
software or using a (patented) invention) to a licensee,
sparing the licensee from a claim of infringement
brought by the licensor.
NDA
A non-disclosure agreement (NDA), also known as a
confidentiality agreement (CA), confidential disclosure
agreement (CDA), proprietary information agreement
(PIA), or secrecy agreement, is a legal contract
between at least two parties that outlines confidential
material, knowledge, or information that the parties
wish to share with one another for certain purposes,
but wish to restrict access to or by third parties.
3. Collaboration
Collaboration is working with each other to do a task
and to achieve shared goals
Teams that work collaboratively can obtain greater
resources, recognition and reward when facing
competition for finite resources.