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Obligation Imposed
A duty or responsibility enforced by law, regulation, or agreement.
Contract Formation
The process whereby parties agree upon and establish the terms of a contract, leading to a binding legal agreement.
Relaxation of Requirements
The easing or reduction of stringent rules, standards, or conditions, often to accommodate special circumstances.
Material Misrepresentation
A statement that is significantly untrue or misleading and, if known to be such, could have influenced the decision-making of a party in a contract or agreement.
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