Examlex
In the formula for computing the interest on a note,the time period represents the portion of a year that interest has accrued on the note.
Invitation Negotiate
A call or solicitation for parties to discuss, propose, and potentially reach an agreement or settlement on a specific matter or contract.
Expression Intent
The demonstration or declaration of a party’s purpose or plan, especially in a legal context.
Contract Breached
Occurs when one party in a contractual agreement fails to fulfill their part of the terms, leading to a breach of contract.
Reasonably Definite
Refers to language in a contract or agreement that is clear enough for the parties involved to understand their obligations and rights.
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