Examlex
When line managers in an organization encounter issues that a staff member with specialized expertise can assist with, the staff member they consult with has ___ authority.
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly without modifications for a valid contract to be formed.
Material Changes
Significant alterations or modifications that could affect a company’s financial condition or the value of its shares, requiring disclosure to shareholders and regulatory bodies.
Arbitration Provision
A clause in a contract that requires the parties to resolve disputes through arbitration rather than litigation.
Precise Time
The exact or accurate measurement of time, often determined through standardized clocks and timing systems.
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