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Parol Evidence Rule
A legal principle that prohibits the use of oral evidence to contradict or modify the terms of a written contract.
Condition Precedent
A condition in a contract that must be met before a party's obligation or right becomes effective.
Contract
A legally binding agreement between two or more parties that outlines the terms and conditions for the exchange of goods, services, or other forms of consideration.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and duly signed by all parties involved, to be enforceable.
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