Examlex
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Novation
The act of replacing an existing contract with a new one, where a different party assumes the rights and obligations of the original party.
Accord
An agreement in contract law where one party agrees to accept something different (often less) than what was initially agreed upon as satisfactory performance.
Satisfaction
The fulfilment of a requirement, obligation, or the to fulfillment of a condition stipulated in a contract.
Deviated Specifications
Instances where the actual specifications of a product or service differ from the initially agreed or standard specifications.
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