Q: What happens when there is Ambiguity in Words of the Agreement?
There is no agreement if:
1. Parties use a material term that is open to at least two reasonable interpretations
2. Each party attaches a different meaning to the term, and
3. Neither party knows or has reason to know the term is open to at least two reasonable interpretations
B. If #3 is not met, a K is formed using the meaning known to both
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