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Material Breach
A significant violation or failure to perform a contract's stipulated duty, justifying the other party's termination of the agreement.
Nonbreaching Party
An entity or individual in a contract who has not violated any terms of the agreement.
Satisfaction
The fulfillment or discharge of an obligation such as paying off a debt, completing a contractual duty, or resolving a legal claim.
Subjective Standard
A standard for decision-making that is based on personal feelings, tastes, or opinions, varying from person to person.
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