Examlex
In an unsolicited proposal,what does summarizing the problem,need,or opportunity do?
Preexisting Duty
An obligation that one party is already legally required to perform and which cannot serve as consideration for a new contract.
Bilateral Contract
A bilateral contract involves two parties who each promise to perform certain acts in exchange for the other's promise, establishing mutual obligations.
Illusory Promises
Promises that are vague or lack commitment, rendering them unenforceable in a contract because they fail to bind the promisor.
Monetary Value
The value of an object, service, or asset expressed in terms of money.
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