Examlex
The manipulation of information to create business intelligence in support of strategic decision making is referred to as OLTP, or online transaction processing.
Gratuitous Promise
A promise for which no consideration is exchanged, often lacking legal enforceability unless certain criteria are met.
Legal Requirement
A stipulation or condition imposed by law that must be obeyed or met, often used in the context of regulatory compliance.
Consideration
In legal contracts, refers to something of value exchanged between parties, which is a necessary element for the contract to be valid.
Sue
To initiate legal proceedings against a person or entity in order to seek a remedy or resolution for a grievance.
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