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In this paper we introduce a new formalism for -theory, called squares -theory. This formalism allows us to simultaneously generalize the usual three-term relation for an exact sequence or for a subtractive sequence , by defining of a squares category to satisfy a four-term relation for a ``good’’ square diagram with these corners. Examples that rely on this formalism are -theory of smooth manifolds of a fixed dimension and -theory of (smooth and) complete varieties. Another application we give of this theory is the construction of a derived motivic measure taking value in the -theory of homotopy sheaves.

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