Examlex
The purpose of a reverse stock split is to ________.
Assignment
The act of transferring to another all or part of one’s rights arising under a contract.
Privity
A relationship between parties that is sufficiently close to validate contracts or grant rights or obligations.
Indirectly Benefit
To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.
Incidental Beneficiary
A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.
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