Examlex
Sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Special Use Loss
A financial loss incurred due to the specialized nature of property or equipment that limits its use or marketability.
Fundamental Breach
A severe violation of a contract that permits the aggrieved party to terminate the agreement and potentially seek damages.
Exemption Clause
Language within a contract designed to protect a party by restricting certain legal claims or liabilities.
Mitigate Loss
Actions taken to reduce the severity, seriousness, or painfulness of something, often used in the context of economics or law.
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