Examlex
What is the structure that is responsible for secreting the hormone melatonin?
Third-party Beneficiary Contract
A contract designed in such a way that a party not directly involved in the agreement receives a benefit from the contract.
Accord And Satisfaction
An arrangement between contracting parties whereby one of the parties substitutes a different performance for his or her original duty under the contract.
Novation
The act of replacing one obligation with another, effectively creating a new contract and releasing the original party from responsibility.
Assignment
The transfer of rights, property, or responsibilities from one party to another.
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