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Validity
The state of being logically sound, legally binding, or effectively enforceable, often used in the context of contracts, arguments, or empirical research.
Contract Value
The total financial worth involved in a contract, comprising all revenues, costs, and other financial benefits agreed upon between the parties.
Common Law
A legal system based on precedent and customs rather than written statutes.
UCC
A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial dealings across the country.
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