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Which party should request a letter regarding litigation, claims, and assessments from the client's attorney?
Graduate Fellowship
A form of financial support provided to graduate students to pursue their research or studies without the need for employment.
Binding Promise
A pledge or commitment that legally compels the promisor to fulfill the terms of the promise.
Illusory Promise
An agreement that fails to bind the promisor since it lacks the definiteness or the possibility of performance, making it unenforceable.
Pre-existing Duty Rule
A legal principle stating that a party's promise to perform a duty that is already owed under a contract does not constitute valid consideration for a new agreement.
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