Examlex
After assignment of the MDC, what occurs next in the grouping process?
Novation
The process of substituting a new contract or obligation for an old one, requiring the agreement of all parties involved.
Three-Part Test
A methodological framework consisting of three criteria used to evaluate the validity, legality, or effectiveness of something.
Tendered Performance
The act of offering or presenting for acceptance a performance of obligations under a contract.
Minor Contractual Term
A less important condition or provision of a contract that does not go to the heart of the agreement.
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