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What Are the Results of the Successful Implementation of a JIT

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What are the results of the successful implementation of a JIT operating environment?


Definitions:

Rescission

The legal act of cancelling or annulling a contract, returning all involved parties to their state prior to the contract's formation.

Statutory Assignment

The transfer of rights or benefits from one party to another in accordance with statutory provisions.

Assignee

An individual or entity to which rights or interests have been transferred, typically in the context of contracts or other legal agreements.

Parol Evidence Rule

A legal principle that prevents parties from presenting evidence of prior or contemporaneous agreements that contradict the terms of a written contract.

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