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This precedent has been authored by Ilija Vickovich, Lecturer, Macquarie Law School and updated by Dr. Gordon Hughes, Principal, Davies Collison Cave Law.

Introductory note

Many commercial agreements employ the generic concept of "person" as a means of referring to any natural person or legal entity where the contract as a whole makes such a term convenient. This may be done by inserting "person" into the list of defined terms, or as a separate provision.