Examlex
If the letters VDAFCBNLSBRC are rearranged into DVR-ABC-CBS-NFL, they become much easier to remember and store. This is because you're using a process called
Written Contract
A formal agreement between two or more parties that is fully documented and signed, outlining specific obligations and terms.
Indemnity
A contractual obligation by one party to compensate the loss incurred by the other party due to the acts of the indemnitor or other specified individuals.
Parol Evidence Rule
A legal principle stating that oral evidence cannot be used to contradict, modify, or add to the terms of a written contract.
Verbal Agreement
An arrangement or contract that is made through spoken word rather than written documentation, but can still be legally binding.
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