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Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.
Agent Negotiation
The process by which a representative or agent acts on behalf of another party in negotiating terms or deals.
Partial Performance
In contract law, the situation where only a part of the agreed work or service has been completed, often leading to legal or contractual issues.
Oral Contract
An agreement between two or more parties that is made verbally and is as legally binding as a written contract, albeit more difficult to prove.
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