Examlex
Tall hierarchies tend to encourage employee empowerment and engagement because they focus power around employees rather than managers.
Contract Price
The total agreed-upon amount for services or goods detailed within a contract.
Commercial Impracticability
A doctrine allowing parties to suspend or terminate contractual obligations when unexpected events fundamentally alter the nature of the contract, making performance unfeasible.
Increased Production Costs
A scenario where the expenses associated with producing goods or services rise, potentially affecting prices and profitability.
Perfect Tender Rule
A principle in commercial law that requires the seller to deliver goods to the buyer that exactly match the terms and quality specifications of the contract.
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