Examlex
Individual elements of project budgets are generally more accurate in bottom-up budgeting.
Assignee
The party to whom rights or interests are transferred by another, often used in context of contracts, leases, or other agreements.
American Rule
A legal principle stating that each party in a lawsuit is responsible for paying its own attorney fees, except as otherwise provided by statute or contract.
English Rule
A legal principle where the losing party in litigation is required to pay the legal costs of the winning party.
Obligor
A party that is bound by a legal obligation to another, known as the obligee.
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