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E-commerce
The exchange of goods and services or the transfer of money or information, mainly through the internet or other electronic networks.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged with the contract, in order to be enforceable.
Oral Contracts
Agreements made verbally rather than in written form, which can be legally binding under certain conditions.
Memorandum
A written document or note that serves as a means of communication or a record of information.
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