Examlex
The AAMA has developed a code of ethics for the
Third-Party Beneficiary
An individual or entity that stands to benefit from a contract, despite not being a direct party to the agreement.
Contract Formed
The point at which an agreement becomes legally binding, after all parties meet the necessary legal requirements.
Delegated
Pertains to the transfer of authority or responsibility from one entity or person to another, often seen in organizational or governmental contexts.
Express Provision
A specific clause in a contract or legal document that explicitly states an agreement or condition.
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