Examlex
In a product layout, a breakdown of one piece of equipment will not cause the entire process to shut down.
Consideration
Something of value that is given by both parties to a contract as the agreed-upon price or exchange for the contractual promises.
Valid Consideration
An essential element of a contract, which constitutes something of value exchanged between the contracting parties.
Forbearance
Forbearance is the action of refraining from enforcing a right, obligation, or debt in a legal agreement, usually as an act of leniency by the creditor.
Sufficient Consideration
A legal concept indicating that the value exchanged in a contract is recognized as adequate, making the contract binding and enforceable.
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