Examlex
Senior executives at a large retail organization want employees to become more customer-friendly.Employees think they are serving customers well enough and the company is the dominant player in the market.What should the executives do in this situation?
Duty of Cooperation
An obligation between parties in a contract to act in good faith and assist each other in fulfilling the contract's terms.
Breach of Duty
Failure to fulfill a legal obligation or duty, leading potentially to legal liability.
Exclusive Agreement
A contract between two or more parties where one party agrees to buy, sell, or promote only the products or services of the other party.
Reasonable Efforts
A legal standard that requires a party to act with fair, honest, and diligent efforts to fulfill an obligation.
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