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Liability
A legal responsibility or obligation, often involving financial restitution in case of loss or damage.
Undisclosed Principal
A principal whose identity is not revealed by the agent to the third party at the time of entering into a contract with the third party.
Third Party
An individual or entity not directly involved in a contract or transaction but may be affected by its outcome.
Agent
An Agent is a person or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.
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