Examlex
Division of iron ore between the production of bridge girders and tanker drums is an example of
Limitation of Damages
A legal principle that restricts the amount of compensation an injured party can receive.
Lessee
A lessee is a person or entity who rents land, a building, or an apartment under a lease agreement.
Unconscionable
Refers to a contract or deal that is so unjust or overwhelmingly one-sided in favor of one party that it is deemed unfair or unethical.
Breach of Contract
Failure by one or more parties to fulfill the terms and conditions of a contract, which could lead to legal action for enforcement or damages.
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