What is Product Liability? Product liability refers to the legal responsibility that manufacturers, distributors, suppliers, and retailers bear for any personal injuries or damages caused…
What is a Contract of Adhesion? A contract of adhesion, commonly referred to as a “standard form contract” or “boilerplate contract,” is a pre-drafted agreement…
What is an Offer and Acceptance? In legal terms, an offer is a clear, definitive, and communicated proposition by one party (the offeror) to enter…
What is an Invitation to Treat? An Invitation to Treat is a preliminary step in contract formation, signalling a willingness to negotiate or receive offers…
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