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Today's Terms
Letter of Intent
Definition:
A document that describes the preliminary understanding between parties who intend to make a contract or join together in another action.
Unconscionable
Definition:
Unreasonable; outrageous. Courts in many countries may refuse to enforce contracts which they deem to be unconscionable.
Hold Harmless Contract
Definition:
An agreement by which one party accepts responsibility for all damages and other liability that arise from a transaction, relieving the other party of any such liability.
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