Examlex
The counting of the inventory should be done by employees who are NOT responsible for either custody of the inventory or keeping inventory records.
Chief Characteristics
Principal or most significant features, properties, or attributes that distinguish a subject or entity.
Implied Covenant
A legal promise that is not expressly stated but is considered a fundamental part of a contract to ensure fairness and honesty.
Good Faith and Fair Dealing
An implied contractual obligation to act honestly and fairly towards the other party, avoiding taking unfair advantage in a transaction.
Franchise Territory
The specific geographic area granted to a franchisee by the franchisor in which to operate and market the franchised business.
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