Examlex
A sound at 160 decibels is considered ______, whereas a sound at 20 decibels is considered ______.
Interim Agreement
A binding contract that will subsequently be put into a more formal document; usually referred to as an agreement of purchase and sale in a real estate transaction.
Binding Contract
A legal agreement between parties that is enforceable by law, where each party has specific obligations.
Agreement
A mutual understanding between two or more parties about their respective rights and duties regarding past or future performances.
Offer
An offer is a proposal presented by one party to another with the intention of entering into a binding agreement, subject to acceptance by the receiving party.
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