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Assignment
The conveyance of property or legal rights from one party to another.
Contract Amount
The total financial obligation or the sum involved in a contract agreed upon by the parties.
Service of Process
The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party (such as a defendant), court, or administrative body to exercise jurisdiction over that person so as to enable that person to respond to the proceeding.
Intended Beneficiary
An individual or entity explicitly chosen to benefit from a contract, even though they are not a direct party to the agreement.
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