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Parol Evidence Rule
A rule in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.
Standardized Form Contracts
Contracts that are preprinted and contain set terms and conditions for all parties, typically not negotiable.
Pre-Contract Statements
Statements made by parties involved before a contract is finalized, which may influence the agreement or understanding of the contract.
Consideration
In contract law, the benefit or value that each party agrees to exchange as part of a contractual agreement, which is a requirement for a valid contract.
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