Examlex
One of the disadvantages of teamwork is that members may face pressure to conform to lower team standards of performance and conduct.
Third Parties
Individuals or entities that are not directly involved in a contract or transaction but may be affected by it or have an interest in its outcome.
Partnership Act
Legislation that outlines the laws governing business partnerships, including the rights, responsibilities, and liabilities of partners.
Liabilities
Financial obligations or debts a company or person has.
Obligations
Duties or commitments that are legally binding, arising from contract law, statute, or other legal requirements.
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