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-In the figure above, the value on the y-axis decreases as we move from
United Nations Convention
An international treaty or agreement formulated under the auspices of the United Nations, pertaining to various global issues.
International Sales Contract
A legally binding agreement between parties from different countries for the sale and purchase of goods.
Market Price
The present cost at which a service or asset is available for purchase or sale on the market.
Notice of Breach
A formal notification given to a party indicating that they have failed to fulfill their contractual obligations.
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