Here are some expressions commonly used in discussing contracts and conditions matters.
according to the contract - under the terms of the contract alter the terms of the contract - make the terms of the contract different in some particular way, change them alteration of contract - change of contract breach of contract - failure to do something that is required in the contract break a contract - terminate a contract cancellation clause - a clause in a contract that gives one or more parties the right to terminate the contract if a specific event occurs clause - a separate section of a legal document come into force - come into effect, take effect contract - a binding agreement between two or more persons that is enforceable by law deadline - the point in time at which something must be completed draft - preliminary version of a written work (here of a contract) expire - lose validity expiry date - the last date on which an option can be exercised fine print - the part of a contract that contains information that is often printed in small type sales contract - a written document in which a purchaser agrees to buy property under certain given conditions, and the seller agrees to sell under certain given conditions. Also known as an 'agreement of sale.' sign a contract - mark a contract with the signature approving or expressing responsibility or obligation terms - conditions agreed to in a contract with effect from - as from, effective from
Now we put new vocabulary into context, so you can see how you might use these terms yourself. The expressions are in boldface in the text.
Remember, if you break a contract, your visa is cancelled and you have two weeks to get out of the country. Once you sign a contract, you are bound to its terms regardless of anything else that was agreed upon over a handshake or promised. Use this sales contract if a buyer will be paying you in instalments. Cancellation clause: Reservations can be cancelled seven days in advance without loss of deposit. Donīt sign a contract without reading the fine print. The private contract will stipulate all the agreed terms of the purchase. The cancellation process will last two and a half weeks, according to the contract terms. The XYZ bank has, with effect from 1 May 2005, changed some of its accounting principles. Non-smoking regulations come into force today in entertainment establishments measuring more than 60 square metres. Most prepaid cards have an expiry date that specifies how long the phone card is valid.
