List the Ways by Which a Party's Contractual Obligations Can

question 59

Essay

List the ways by which a party's contractual obligations can be terminated.

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Definitions:

Creative Negotiation

A negotiation strategy that involves thinking outside conventional parameters to find innovative solutions to conflicts.

BATNA

stands for Best Alternative To a Negotiated Agreement, referring to the most favorable course of action a party can take if negotiations fail.

Possible Settlements

Possible settlements refer to the various outcomes or agreements that could be reached as a resolution to a dispute or negotiation.

Interdependence

Interdependence is the mutual reliance between two or more groups, organisms, systems, or objects, where each is dependent on the other for their well-being or success.