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What Is the Term for an Allocation System Where Sellers

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What is the term for an allocation system where sellers are allowed to determine the method of allocation on the basis of their own preferences?


Definitions:

Contract

An agreement, based on a promise or an exchange of promises, that can be enforced in court.

Unauthorized Practice

The act of providing legal advice or representing someone in legal matters without the licensure or authorization to do so.

Paralegal

A trained assistant who works under the supervision of a lawyer, performing various legal tasks and research.

Opinion Letter

A document drafted by an attorney providing a detailed analysis and concluding viewpoint on a specific legal issue, often requested by clients for clarity on legal standings.

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