Examlex
Any change of the energy of a system occurs because of
Transferring Risk
Transferring risk involves moving potential financial loss from one party to another, commonly through insurance policies or hedging strategies.
Allocating Risk
The process of identifying and distributing the potential financial, operational, or legal hazards among parties in a transaction or agreement.
Contract Law
A branch of law that deals with agreements between parties, their rights, and obligations.
Consideration
In contract law, consideration refers to something of value exchanged between parties that is necessary for a valid contract.
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