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Reimbursement
A repayment for money spent or losses incurred, often from one party to another as compensation.
Independent Contractor
An individual or entity contracted to perform work for another entity as a non-employee, responsible for their own tax obligations and not subject to the hiring entity’s control over how the work is performed.
Contract Authorization
The process or act of giving official or legal approval to a contract, enabling it to be valid and enforceable.
Automatically Terminated
Describes a legal status or condition that ends without the need for any action by a party due to pre-set conditions being met.
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