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In order for speciation to occur, what must be true?
Exculpatory Clauses
Exculpatory clauses are contractual provisions that relieve one party from liability for harm caused during the execution of the contract, often under specific conditions.
Regulatory License
An official permission or authorization granted by a governing body that allows an individual or company to conduct certain types of business.
Revenue License
A revenue license is an official permission or document that allows an individual or business to conduct certain activities, typically involving the sale of goods or services, where the license serves as a source of revenue for the issuing authority.
Usury Statute
Laws regulating the maximum interest rate that can be charged on loans, to protect borrowers from excessively high rates.
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