Examlex
In advertising, the decoding of messages is the responsibility of the creative team.
Privity Of Contract
The principle that a contract imposes rights and obligations only on the parties to the contract, and not on any third parties.
Restatement Test
A doctrine used to reinterpret or clarify existing laws or legal principles, often through a secondary authoritative source that restates the law.
Privity Of Contract
The principle that contracts are binding only on the parties signing the agreement, not on any third parties.
Loan Default
The failure to meet the legal obligations or conditions of a loan, such as not making scheduled payments on time.
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