Examlex
What term is used to describe a unit of a multinational corporation that takes a leading role in a particular area?
Nonbreaching Party
The party in a contractual agreement who has not failed to fulfill any contractual obligations or terms.
Rescission
The act of revoking, canceling, or repealing a contract, returning all parties involved to their pre-contractual state.
Discharged
Released or relieved from a duty, obligation, or liability, often used in legal or financial contexts.
Punitive Damages
Compensation awarded to a plaintiff beyond actual damages to punish the defendant for egregious conduct and deter future similar acts.
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