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Describe the impact of congestion on the rail system.
Liquidated Damages
A pre-determined amount of money agreed upon in a contract to be paid as compensation in case of a breach.
Supply Contract
A legal agreement between a supplier and a buyer that outlines the terms and conditions regarding the sale and delivery of goods or services.
Repudiation
The refusal to fulfill or discharge an agreement, obligation, or contract.
Exemption Clause
A contractual term that limits one party's liability in certain situations or for certain types of damages.
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