Outrageously Funny Word Dictionary :: Depotentiation

👉 Depotentiation is a legal concept used in the United States and Canada that refers to the process of reducing the cost of goods by moving them from one location to another. This process often involves purchasing goods from suppliers located closer to their customers, which can result in lower costs and increased efficiency. For example, a company may purchase goods from a supplier located in a region with higher demand for its products, but not in a region where the supply is more abundant or cheaper. By moving the goods

depotentiation

👉 Depotentiation is a legal concept in the field of contract law, which refers to the process by which a party's performance is deemed to be incomplete or defective. It involves the removal of elements from an agreement that are not essential for the agreement to be performed as intended. This can include things like defects, misrepresentations, or non-compliance with the terms of the contract. Depotentiation can occur in various situations, such as when a party fails to perform their contractual obligations

depotentiate