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Acceptance
A term used in contract law, acceptance refers to the act of agreeing to the terms of an offer, thereby creating a binding contract.
Canceled
The act of formally terminating or voiding an agreement, contract, policy, or event.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty that governs the sale of goods between parties in different countries.
Effective
The state at which something is able to accomplish its intended purpose, produce the desired outcome, or is in force.
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