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Additional Consideration
Extra compensation or benefit that is promised to be given in a contract, in addition to what was originally agreed.
Modified Agreement
A change or revision to the terms of an existing contract, which must be agreed upon by all parties involved.
Substitute Contract
A legal agreement that replaces a previous contract, often due to modified terms or conditions.
Pre-existing Duty
A legal concept where a party's promise to perform a duty that is already owed under the law or under a pre-existing contract is not considered sufficient consideration for a new contract.
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