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Does interconnection improve efficiency in network industries?
Oral Promise
A commitment or agreement made through spoken words rather than in writing, which may or may not be legally binding depending on the context.
Concurrent Condition
Conditions in a contract that require both parties to perform certain actions simultaneously.
"As Is"
A term used in sales indicating that the buyer accepts the item in its current condition without warranties.
Main Purpose Construction Rule
A legal principle that allows for the enforcement of verbal contracts related to the main purpose of a transaction.
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