Examlex
A company with multiple products that chooses to delay product differentiation until closer to the point of sale is using
Illusory Promise
A statement that appears to commit to an action but does not actually bind the party to any obligation.
Promissory Estoppel
A legal principle that prohibits a party from going back on a promise made to another party, if the latter has reasonably relied on that promise to their detriment.
Option Contract
A contract granting one party the option to execute a transaction, such as buying or selling an asset at a future date.
Unconscionable
Ridiculously inadequate.
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