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Grandfather
A term often used to describe clauses that exempt certain individuals or entities from new regulations based on previous conditions.
Bailment
The legal relationship created when personal property is transferred from one party to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.
Mutual Benefit
refers to a situation or action that provides advantages or positive outcomes to all parties involved.
Fundamental Duty
A basic or essential obligation that is imposed on an individual or entity by law, morality, or contract.
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