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Economic Viability
The ability of an entity, project, or activity to sustain its operations and make a profit over the long term.
Wrongful Dissociation
In the context of business partnerships or limited liability companies, this term refers to the improper withdrawal of a partner or member from the business, breaching the operating agreement and possibly resulting in liability.
Novation
Novation is the act of replacing one obligation with another by mutual agreement, effectively transferring the rights and duties to a new party.
Valid Obligation
A duty or commitment that is legally binding and enforceable by law.
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