Examlex
Explain three examples of decision heuristics.
Right of Reversion
A legal right allowing property ownership to revert back to the initial owner or their heirs upon the occurrence of a specified condition.
Monthly Periodic Lease
A lease agreement that automatically renews each month until either the tenant or landlord gives notice to terminate.
Termination Clause
A provision in a contract that specifies the conditions under which the contract may be ended before the performance is completed.
Notice of Termination
A documented notice informing an individual or entity of the end of a contract or employment.
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