What Is the Role of GTP in Self-Splicing

question 40

Essay

What is the role of GTP in self-splicing?

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Definitions:

Condition Precedent

An event or condition that must occur before a party is obligated to perform under a contract.

Condition Subsequent

A condition in a contract that, if it occurs, terminates the party's obligation or alters the terms of the agreement.

Rescission

Rescission is the legal act of unmaking or terminating a contract, returning the parties involved to their positions prior to the contract's existence.

Restitution

The return of any property given up under a contract.