Examlex
A stereotype is defined as:
Liability
A legal responsibility or obligation, particularly in the context of debts or torts.
Liquidated Damages Provision
A contractual clause that specifies a predetermined amount of money that must be paid as damages in the event of a contract breach by one of the parties.
Future Default
The possibility or likelihood of failing to make future payments on debt obligations.
Sufficiently Definite
A legal standard indicating that a contract or agreement contains clear, precise, and unambiguous terms that can be enforced.
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