Examlex
Job specialization increases training costs and makes it more difficult for companies to match employee aptitudes to jobs for which they are best suited.
Option Contract
A contract granting one the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.
Implied-in-Fact Contract
An implied-in-fact contract is an agreement that is not expressed in words but is inferred from the actions or conduct of the parties involved.
Original Agreement
The initial contract or understanding reached between parties, before any amendments, modifications, or terminations.
Automatically Terminated
Refers to a condition in contracts or agreements where certain actions or failures to act result in the termination of the agreement without the need for further legal action.
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