Examlex
Which of the following is essential in order for a new idea to be considered creative as opposed to just being thought of as a new perspective?
Obligor
A person or entity legally obligated to provide a benefit or payment to another in a contract.
Assignee
An individual or entity to whom rights or responsibilities are legally transferred from another.
Novation
The act of replacing an old obligation with a new one, substituting a new party for the original party, or changing the terms of an existing obligation.
Delegation
The assignment of authority and responsibility to another person to carry out specific activities while retaining the ultimate accountability.
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