Examlex
What is an industry standard process?
Legally Valid
Holding sufficient standing or force in law; capable of being legally or lawfully recognized or enforced.
Voidable
A situation or agreement that may be legally declared invalid or cancelable by one of the parties involved.
Unilateral Agreement
A unilateral agreement is a contract in which only one party makes a promise or undertakes a performance obligation, while the other party is not legally bound to reciprocate.
Bilateral Agreement
A legally binding contract between two parties or countries involving mutual commitments or trade-offs.
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