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Using Hofstede's terms, how would you describe a cultural personality in which the majority of the members of the culture accept that power is in the hands of the few?
Merger Clause
A provision in a contract stating that the written document contains the entire agreement between the parties, excluding prior verbal agreements.
Integrated Contracts
Legal agreements that combine all terms and conditions outlined in several related documents into a single, comprehensive document.
First-Assignment-in-Time Rule
A legal principle that gives priority to the first assignee in time when multiple assignments have been made for the same rights or property.
Intended Beneficiaries
Persons or entities for whom a contract creates a benefit, even though they are not a direct party to the contract.
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