Examlex
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Accord and Satisfaction
A legal agreement between parties to settle a dispute by agreeing on an acceptable form of compensation.
Bona Fide Dispute
A genuine disagreement or argument between parties that could lead to legal action, where both sides have reasonable grounds for their positions.
Novation
A legal process that involves the replacement of an existing obligation with a new one, transferring the rights and duties to a different party.
Anticipatory Breach
An action in contractual agreements where one party indicates they will not fulfill their contractual obligations before the due time.
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