Examlex
It is common knowledge that rapid change is everywhere. Are all industries actually in permanent and rapid change?
Offeror
The party in a contract negotiation who presents the offer to enter into an agreement.
Offeree
The person to whom an offer is made in a contract situation.
Capacity
The legal ability of an individual or organization to enter into a contract, including being of the required age and sound mind.
Exemption Clauses
Provisions in a contract that limit or exclude one party's liability for certain breaches or damages.
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