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Contract Term

This document defines common terms used in contracts, including: 1) Agreement, appendix, arbitration, article, clause, condition, force majeure, fulfil, herein, hereinafter, hereto, heretofore, in behalf of, null and void, party, stipulate, terms, and warrant. 2) Key terms include agreement (an arrangement between parties), arbitration (settlement by a chosen person), article/clause (a statement or stipulation), condition (something necessary before performance), and force majeure (an unforeseeable event excusing non-fulfillment). 3) Other terms specify location (herein, hereinafter, hereto), timing (heretofore

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69 views

Contract Term

This document defines common terms used in contracts, including: 1) Agreement, appendix, arbitration, article, clause, condition, force majeure, fulfil, herein, hereinafter, hereto, heretofore, in behalf of, null and void, party, stipulate, terms, and warrant. 2) Key terms include agreement (an arrangement between parties), arbitration (settlement by a chosen person), article/clause (a statement or stipulation), condition (something necessary before performance), and force majeure (an unforeseeable event excusing non-fulfillment). 3) Other terms specify location (herein, hereinafter, hereto), timing (heretofore

Uploaded by

api-21516494
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Contract Vocabulary

n. an arrangement between two or more people, countries


1 agreement
etc; contract
n. additional or supplementary material at end of contract,
2 appendix
book etc
n. settlement of a dispute by a person chosen by both parties
3 arbitration
- to arbitrate v.
n. a particular statement or stipulation in a contract etc;
4 article
clause
n. a particular statement or stipulation in a contract etc;
5 clause
article
n. anything necessary before the performance of something
6 condition
else
n. superior, power; unforeseeable event excusing one party
7 force majeure
from fulfilling contract
v: to satisfy a condition; to complete the required task; to
8 fulfil
fulfillUS
9 herein adv: in here; in this (document etc)
10 hereinafter adv: in the following part (of this document etc)
11 hereto adv: to this (document etc) [eg: attached hereto]
12 heretofore adv: up until now; until the present; before this
in the interests of (person etc); for (person etc); on behalf
13 in behalf of
ofUK
14 null and void invalid; without legal force; not binding
on the one
15 on one side - on the other hand on the other side
hand
16 party n. the person or persons forming one side of an agreement
17 stipulate v. to specify as an essential condition - stipulation n.
18 terms n. conditions or stipulations
19 warrant v. to give formal assurance; to guarantee
conj: it being the case that; in view of the fact that [in
20 whereas
introduction to contracts]

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