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What Are the Intent and Impact of Domestic Content Requirements

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What are the intent and impact of domestic content requirements?


Definitions:

Real Property

Land and any permanent structures attached to it, such as buildings, homes, and other fixtures.

Apparent Authority

Apparent Authority refers to a situation where a third party reasonably believes that an agent has the authority to act on behalf of another, even if such authority has not been explicitly granted.

Enforceable Contract

A legally binding agreement between parties that can be enforced by law if not fulfilled.

Ratified

Refers to the formal approval or confirmation of an agreement or contract, typically making it officially valid.

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