Examlex
What are the implications of a firm choosing to enter a foreign market on a significant scale? How do the consequences of this decision relate to the value of the resulting strategic commitments?
Privity of Contract
A principle stating that only parties to a contract have the right to sue or be sued under the terms of the contract.
Privity of Reversion
A legal concept relating to the rights of individuals who have a future interest in property currently possessed by another.
Distrain
The right to seize someone's property in order to compel payment of debts or obligations.
Default
Failure to fulfill a legal obligation or agreement, commonly referring to the inability to make timely payments on a loan.
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