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Interpreting Contracts
The process of determining the legal obligations and rights arising from the terms of a contract.
Proper Consideration
Adequate value or compensation exchanged between parties in a contract, which is necessary for the agreement to be legally binding.
Debt
Money owed by one party, the borrower, to another, the lender; typically involving repayment terms and sometimes interest.
Written Contract
An agreement between parties that is documented in a written form and signed by the parties involved.
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