Examlex
In response to a discovery request by Bakery LLC, the plaintiff in a pending suit against Cinnamon Rolls Inc., the defendant delays a response to gain time to alter some of the data. Subject to possible sanctions, this is
Exemption Clause
A part of a contract that seeks to limit a party's liability for breaches of the contract or negligence, often subject to legal restrictions.
Bailment Contract
An agreement where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.
Contract Frustration
A legal principle that releases both parties from their contractual obligations when an unforeseen event renders the contract physically or commercially impossible to perform.
Commission Payment
A method of remuneration for services or facilitating transactions, typically calculated as a percentage of the transaction value.
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