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Explain the importance of a line-item margin and expense analysis.
Material Terms
essential and significant conditions and clauses in a contract that are so important that any breach of them would justify the termination of the contract.
Termination
The act of ending an employment relationship or contract, either voluntarily by resignation or retirement, or involuntarily by dismissal or layoff.
Specific Intent
Specific intent entails a particular mental state in which a person engages in an act with a specific purpose or objective in mind.
Revocation Effective
The point at which a revocation, or calling back of an offer, becomes legally binding.
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