Examlex
Tacit knowledge is best defined as ______.
Breach
The violation or failure to perform any term of a contract, agreement, or obligation either by action or failure to act.
Nonbreaching Party
The party in a contract that has not failed to fulfill any contractual obligations, as opposed to the party that has breached the contract.
Duty of Performance
An obligation of a party in a contract to complete the tasks, obligations, or services as agreed upon in the contract.
Uncertain Event
An event whose occurrence or outcome is not known or predictable with certainty, often associated with risk assessment.
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