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Shipment Contract
An agreement between a seller and buyer where the seller is obligated to ship the goods and the buyer is obligated to accept and pay for them, under specified terms.
Title Passes
The transfer of ownership of property from one party to another, typically upon satisfaction of specified conditions.
Buyer
An individual or entity that purchases goods or services from another in a commercial transaction.
Allocation Of Risk
The process of defining and assigning the financial or operational responsibilities associated with potential risks in contractual agreements.
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