Examlex
The use of modular design principles involves designing standardisation 'sub-components' of a
product or service which can be put together in different ways.
Guarantee
An assurance or promise that certain conditions will be fulfilled, often used in the context of a product's quality or the outcome of a service.
Verbal Agreement
An agreement made through spoken words between parties that can be legally binding, despite the lack of a written contract.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, rather than compensating the other party with money.
Breach of Contract
The failure to perform as stipulated by the terms of a legally binding agreement.
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