Examlex
The scope of an EIS:
Consideration
In contract law, it's the value that is exchanged between parties in a contract, making the agreement legally binding.
Agency Relationships
A relationship in which one party (the agent) agrees to act for another party (the principal) in a business transaction.
Ratification
The act of giving formal consent or approval to something, making it officially valid, typically in the context of contracts or agreements.
Agency Relationship
A legal and consensual arrangement where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
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