Examlex
A pattern test can identify an out-of-control process even if all sample points are within control limits.
Rescind Contract
The process of legally voiding a contract, thereby returning all the parties involved to their original state as if the contract had never occurred.
Firm Offer
In contract law, refers to an offer that remains valid for a specified period during which it cannot be withdrawn by the offeror.
Condition Precedent
A legal term describing a condition that must be fulfilled before a contract or agreement becomes effective or before a party is obligated to perform.
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