Examlex
Which of these occurs(s) during reduction?
Original Obligor
The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.
Obligee
The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.
Express Consent
Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.
Noncompetition Provision
A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, typically an employer, for a certain period of time and within a specific geographic area.
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