Examlex
Through market tests, a forecaster gains data regarding consumers' intended purchases.
Donee Beneficiary
A third party who benefits from a contract between two other parties, especially in the context of gifts or estates.
Gratuitous Assignment
An assignment or transfer of rights or property done voluntarily without receiving any value in return.
Irrevocable
Incapable of being taken back, undone, or cancelled, often used in the context of certain contracts, trusts, or offers.
Implied Warranties
Legal guarantees that are not explicitly stated but are assumed in transactions, indicating that a product will meet certain quality and reliability standards.
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