Examlex
Just-in-time operations and logistics are key organizational elements of time-based competition.
EU Data Protection Directive
A decree issued by the European Union (EU) that prevents European companies from sharing ESI with countries that do not provide the same level of protection for the ESI as the EU.
Consideration
The value (such as cash, goods, or services) exchanged between parties in a contract, making the agreement legally binding and enforceable.
Bargained-For-Exchange
A fundamental principle in contract law requiring that each party to a contract must exchange something of value for the agreement to be binding.
Legally Enforceable
Pertains to an agreement or contract that is recognized by law and can be upheld or imposed by a court.
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