Examlex
Describe why some directors have difficulty delegating.
Delegatee
An individual or organization that has been delegated authority or tasks by another, known as the delegator.
Obligee
A person to whom another is bound by a promise or other obligation; a promisee.
Antiassignment Clauses
Provisions within contracts that prohibit the transfer of rights or delegation of duties to another party without prior consent.
UCC
Stands for the Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business transactions and agreements in the United States.
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