Examlex
Describe three CRM technologies used by marketing departments.
Accord and Satisfaction
A legal agreement between parties to settle a dispute by agreeing on an alternative obligation other than what was originally owed.
Novation
The act of replacing an existing obligation with a new one, effectively transferring the rights and duties to a third party.
Liquidated Damages
A contractual provision that determines in advance the amount of damages to be paid if a party breaches the contract.
Breaching Party
The party in a contract who fails to fulfill their contractual obligations, thereby violating the agreement.
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