Examlex
In a consultative buying centre, there are multiple participants:
Liability
The legal responsibility for one's actions or omissions, which may entail financial or legal sanctions.
Bilateral
Involving two parties, groups, or countries, especially in agreements or negotiations.
Rescission
The act of canceling a contract and returning all parties involved to their pre-contractual state, often due to fraud or mistake.
Contract
A legally binding agreement between two or more parties that outlines rights and duties each party is obliged to fulfill.
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