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Modification
The process of making changes or alterations to something, such as a contract or agreement, often requiring consent from all parties involved.
Oral Agreement
An oral agreement is a contract whose terms have been agreed upon by speaking rather than in writing, which can be legally binding, depending on the context and jurisdiction.
Consideration
The value (such as money, services, or goods) that is promised to be transferred in a contract, creating a binding obligation.
Merchant Customer
A consumer who has a commercial relationship with a business or merchant, typically involving the purchase of goods or services.
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