Examlex
Which of the following types of control mechanisms is useful for controlling a problem prior to its happening?
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.
Consideration
A fundamental component in contract law, referring to something of value that is exchanged between parties as part of an agreement.
Inventor
An individual who creates something new, whether it is an idea for a product, a device, or a process.
Exclusive Right
A legal entitlement allowing an individual or entity to engage in a particular activity or use a particular property to the exclusion of all others.
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