Examlex
The cash-to-cash cycle is the time between when a company pays out cash to purchase goods until those goods are ultimately paid for by the supplier.
Exemption Clause
A contractual provision that seeks to limit or exclude one's liability in certain situations, often subject to legal scrutiny for fairness.
Fundamental Breach
A serious violation of a contract that allows the aggrieved party to terminate the agreement and sue for damages.
Tendered Payment
The act of offering money or payment to fulfill a debt or obligation, especially within the context of fulfilling contractual agreements.
Liquidated Damages
Pre-determined damages agreed upon by the parties involved in a contract, to be paid if one party breaches the contract.
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