Examlex
The model + is referred to as a:
Novation
The process of replacing an existing obligation with a new one, substituting a party or terms in a contract with the consent of all parties involved.
Rules of Interpretation
Guidelines and principles used to determine the meaning and intention of legal texts and statutory provisions.
Doctrine of Privity
A principle in contract law stating that contracts are binding only upon the parties signing the contract and no third party can enforce or be bound by the contract.
Contract Law
The body of law that governs the formation, enforcement, and interpretation of contractual agreements.
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