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Adoption
In corporation law, a corporation’s acceptance of a preincorporation contract by action of its board of directors, by which the corporation becomes liable on the contract.
Novation
The act of replacing one obligation with a new one, extinguishing the original obligation.
Ratification
Ratification is the formal approval or confirmation of an action or agreement, often used in the context of treaties, contracts, or laws.
Promoters
Individuals or companies responsible for establishing a corporation or business venture, including raising capital and completing legal formalities.
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