Examlex
The value of a firm is maximized when the:
Expressly Inserted
Included specifically and clearly in a contract or document.
Implied
Understood or inferred without being stated directly.
Liquidated Damages
Liquidated damages are predetermined damages agreed upon by parties in a contract, to be paid if one party breaches the agreement.
Free-Will
The concept that humans have the ability to make choices that are not predetermined by past events or divine intervention.
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