Examlex
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Common Laws
Laws that have developed through court decisions, traditions, and legal precedents rather than through legislative statutes.
Agency
A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in dealing with third parties.
Limited Liability Partnership
A limited liability partnership (LLP) is a legal entity where partners have limited liabilities, protecting their personal assets from business debts and obligations.
Partnership Agreement
A formal arrangement between two or more parties to manage and operate a business and share its profits.
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