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Discuss the Importance of Reciprocating (Or Not Reciprocating)concessions

question 20

Essay

Discuss the importance of reciprocating (or not reciprocating)concessions.


Definitions:

Valid

Having legal force, binding, or enforceable; conforming to the law or to established legal forms and requirements.

Donee Beneficiaries

Individuals or entities intended by the parties in a contract to receive benefits from the agreement's performance without being directly involved in the contract.

Incidental Beneficiaries

Individuals or entities who indirectly benefit from a contract despite not being explicitly mentioned as parties to the contract.

Assignee

An individual or entity to whom rights or interests have been transferred by another party.

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