Examlex
Which of the following is not a part of the research process?
Repudiated Contract
This term refers to a contract that has been rejected or declared void by one of the parties involved, indicating they do not intend to fulfill their contractual obligations.
Liquidated Damages
A contractual provision that determines in advance the amount of damages to be paid if a party breaches the agreement.
Punitive Damages
Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant for egregious conduct.
Illegal Penalty
A punishment or consequence for an action that is not legally authorized or that exceeds the bounds set by legal statutes.
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