Examlex
A decrease in liabilities will reduce a firm's net worth.
Day-to-Day Operations
The routine activities necessary for a business or organization to function efficiently, including administrative and managerial tasks.
Breaches
Instances where a law, agreement, or standard of conduct is violated or broken.
Agency Contract
A legal agreement in which one party, the agent, agrees to act on behalf of another, the principal, typically in a business context.
Nullify
To make something legally void or ineffective, canceling its legal force.
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