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Net Average Annual Profit
The average profit of a business over a specified period, after all expenses, taxes, and costs have been deducted.
Material Fact
A fact that could influence the decision of a reasonable person or is likely to affect the outcome of a case, contract, or transaction.
Misrepresentation
A false statement of fact made by one party to another, which induces the latter into entering a contract.
Inducement
An offer or promise made to persuade or influence a person to act in a certain way, often used in contracts and employment agreements.
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