Examlex
_____ typically involves researching a specific market to determine its size and trends.
Effective Offer
A proposal made by one party to another intending to create a legal obligation upon acceptance.
Reasonably Definite Terms
A requirement in contract law that the terms of a contract must be clear enough for both parties to be able to understand their obligations and enforce the agreement.
Inferred Term
A concept or term not directly stated but understood from the context.
Invitation to Submit Bids
A formal solicitation process where potential suppliers are asked to present proposals for providing goods or services at a specified price.
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