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The Parole Evidence Rule, often confused with parole in criminal law, is a contract law doctrine that prohibits parties from presenting extrinsic evidence that contradicts or alters the terms of a finalized written contract. For instance, in a home sale where a contract states the price as $500,000, the buyer cannot introduce evidence of prior discussions suggesting a price of $400,000 or additional terms like including a car. Essentially, it mandates that outside evidence cannot be used if a written contract exists, although there are numerous qualifications to this rule.