Examlex
Which of the following is a source of wage stickiness?
I. fixed wage contracts
II. minimum wage laws
III. workers and firms want to avoid complexity of negotiating contracts frequently
Indemnification
The act of compensating for loss or damage, often seen in contracts where one party agrees to protect the other against certain future claims or liabilities.
Negligently
Acting with a lack of proper care or attention to duties, resulting in harm or damage to others.
Gratuitous Basis
A situation where goods, services, or assets are given without receiving payment or consideration in return.
Customary Fee
A charge or payment that is considered typical or usual within a particular industry, market, or legal context based on long-standing practices.
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