Examlex
____________ costs are expenditures incurred in the discovery of new knowledge and the translation of research into a design or plan for a new product.
Renunciation
The formal rejection of a claim, right, or possession, often involving legal ramifications.
Termination Option
A termination option is a contract provision that allows a party to end the agreement under specified conditions before its natural conclusion.
Operation of Law
Changes in legal status or rights that occur automatically due to existing legal rules, rather than through the action of any party.
Mutual Agreement
A concord reached by all parties involved, based on shared terms and conditions, often formalized through a contract.
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