Examlex
Forward contracts benefit only the customer due to a reduction in uncertainty.
Legally Valid
Having a status that is recognized and enforceable by law or within the legal system.
Satisfactory Performance
In contract law, the situation that exists when either personal taste or objective standards determine the contracting parties have performed their contractual duties according to the agreement.
Personal Tastes
Individual preferences or likes, particularly relating to aesthetic or consumption choices.
Contracting Parties
The entities or individuals who enter into a contract or legal agreement with each other.
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