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contractual liability |
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contractual liability Liability assumed by a party under a contract by express language, implication, or operation of law; includes not only the obligation of a party to perform in accordance with the contract but also such other obligations as may be assumed, e.g., those arising from indemnification or hold harmless clauses. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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