Examlex
According to acquired needs theory, the need for affiliation is a manifestation of the desire to establish and maintain friendly and warm relations with other people.
Common Law
A body of laws based on judicial decisions and customs, rather than statutory laws passed by a legislature.
Adequate Consideration
A fair and reasonable value exchanged in a contract, ensuring that all parties receive something of value.
Arbitration Clause
A provision in a contract that requires the parties to resolve disputes through arbitration rather than through litigation in court.
Preexisting Duty
An obligation that a party is already legally bound to, which cannot serve as consideration for a new contract.
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