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Loss Leader
A pricing strategy where a product is sold at a loss to attract customers, hoping they will make additional purchases at profitable prices.
Notice in Writing
A formal communication or document that is recorded in written form, often required for legal or official purposes.
Subcontracts
Contracts undertaken by a contractor who signs an additional contract with another party to perform part of their contractual obligation.
Privity of Contract
A principle in contract law which holds that only parties to a contract have the right to enforce or challenge it.
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