Examlex
An organization where all the nonessential functions are outsourced is a
Breach of Contract
An occurrence when one party fails to fulfill their obligations under a contract.
Goodwill
A business’s reputation and ongoing relations with customers and product identification.
Enforceable
Capable of being imposed or complied with; in legal context, describes a contract or provision that can be legally executed or acted upon.
Void Contract
A contract that lacks legal validity and enforceability from the outset, meaning it has no legal effect and cannot be enforced by either party.
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