Examlex
What are norms that are formalized and backed by political authority?
Satisfaction Clauses
Contractual provisions requiring one party's performance to meet the subjective approval of another, often related to quality or aesthetics.
Objective Standard
A universal, unbiased criterion used to evaluate actions, situations, or decisions, not influenced by personal feelings or opinions.
Subjective Test
An assessment criteria based on personal opinions, feelings, and perspectives, rather than objective, measurable standards.
Material Breach
A significant failure to perform one's contractual obligations, which justifies the other party's termination of the contract.
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