Examlex
What does it mean for an audience to "decode" a message?
Material Breach
A significant violation of a contract that permits the other party to either compel performance, seek remedies for damages, or terminate the agreement.
Nonbreaching Party
The party in a contract who has not violated the agreement and may be entitled to legal remedies.
Obligations
Duties or actions that an individual or entity is legally required to perform according to the terms of a contract or law.
Mutual Rescission
An agreement between all parties to a contract to terminate their respective duties under the contract.
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