Examlex
Evaluate the formula =AND(G2="FT",M2>=1) based upon the information provided.
-What value is returned assuming that G2 contains the value PT and M2 contains the value 2?
Incidental Damages
Compensation for additional unexpected expenses that arise directly from a breach of contract, beyond the direct loss or damage incurred.
Breach
The violation or breaking of a legal obligation or agreement, which can result in legal action against the party that fails to honor their part of the contract.
Lessor
The party or entity that leases or rents property to another party, known as the lessee, under a lease agreement.
Liquidated Damages Clause
A contractual provision specifying a predetermined amount of damages to be paid if one party breaches the contract.
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