| 单词 | disclaimer |
| 释义 | disclaimer disclaimer A clause in a contract that reduces potential liability. For instance, a liquidator of a company may disclaim its lease to avoid liability for the rent. disclosure1. The obligation, in contract law, that each party has to the other to disclose all the facts relevant to the subject matter of the contract. Seeutmost good faith. discontinuous innovation An entirely new product introduced to the market to perform a function that no previous product has performed. Such a product requires new consumption or usage patterns to be developed. The introduction of the home personal computer, for example, illustrates how new marketing systems had to be established. In addition to new retailers, consumers had to be encouraged to buy and use PCs. Comparedynamically continuous innovation. |
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