Examlex
The National Rifle Association is an example of a
Mutual Release
An agreement between two parties in which each side agrees to release the other from any possible claims or liabilities arising from a certain event or situation.
Canceling Order
An instruction to cancel a previously issued order before it is executed, commonly used in trading and procurement.
Express Repudiation
The clear and unequivocal refusal to perform one's obligations under a contract.
Anticipatory Breach
Occurs when one party to a contract indicates, either through their actions or words, that they will not fulfill their contractual obligations, allowing the other party to seek remedies before the breach actually occurs.
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