Examlex
The horizontal structure provides traditional control within functional departments, and the vertical structure provides coordination across departments.
Duty
A moral or legal obligation to perform or refrain from performing a certain action.
Novation
The act of replacing an old obligation with a new one, substituting a new party into an existing agreement or completely replacing the original contract.
Accord And Satisfaction
A legal contract wherein parties agree to settle a dispute by accepting terms that differ from the original obligation.
Novation
The act of replacing an existing obligation with a new one, thereby extinguishing the original obligation.
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