Examlex
If stun guns are safe, then police officers will use them. Stun guns are not safe. Therefore, police officers will not use them.
Partnership Agreement
A legal document outlining the terms and conditions under which a partnership operates.
Implied Novation
A legal concept where a new contract is assumed to replace an old one due to the actions or situations of the parties involved, without this being explicitly stated.
Actual Novation
The replacement of an existing obligation with a new one, extinguishing the original obligation and creating a new contract with different terms.
Buyout Price
The agreed amount for which an ownership interest in a business can be purchased outright.
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