Examlex
A free trade area and a customs union differ in the way in which member nations treat imports from nonmember nations.
Modify
To make changes or alterations to something, such as a contract, agreement, or piece of legislation, often to update or improve it.
Unanimously Agree
A decision-making process or outcome in which all parties or members fully concur without any dissent.
Contractual Obligations
Responsibilities that parties are legally bound to perform under a contract.
General Partnership
A business structure where two or more individuals own and operate a business together, sharing profits, losses, and liabilities.
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