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Basis of Bargain
The fundamental agreement between parties that forms the foundation of a contract or negotiation.
No Privity
A legal doctrine indicating that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract.
Assumption of Risk
A legal principle where a person knowingly and voluntarily assumes the risk of an activity, potentially limiting their right to claim damages.
Disclaimer
A statement that denies responsibility to enforceable legal claims and thereby protects the party making the statement from liability.
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