Examlex
Which of the following phases of new-product development is likely the most cost-effective procedure?
Arbitration Clause
A provision in a contract that requires parties to resolve disputes through arbitration rather than through the court system.
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A legally binding agreement between an insurance company and the insured party, specifying the terms for payment of claims in exchange for premiums paid.
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The individual, group, or entity designated to receive the proceeds or benefits from an insurance policy.
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The money paid by an insurance company to a claimant or policyholder in the event of a loss covered by the policy.
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