Examlex
Why are multichannel distribution systems gaining popularity today?
Accord And Satisfaction
A legal contract whereby a dispute is settled by the parties involved agreeing on payment that is different from the original obligation.
Material Breach
A significant violation of a contractual agreement which grants the aggrieved party the right to sue for damages or terminate the contract.
Material Breach
A significant violation of a contract that harms the interests of the other party involved, justifying the termination of the agreement.
Concurrent Conditions
In law, these are conditions that must occur or be performed at the same time by the parties to a contract.
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