Vocabulary task. 4. Find words or phrases (legal terminology) in the distribution agreement which fit these meanings

4. Find words or phrases (legal terminology) in the distribution agreement which fit these meanings.

1) legally established or set up in (agreement introduction);

2) only (Clause 1);

3) a part of the contract where specific details and technical specifications are listed, to avoid writing such details in the main part of the contract (Clause 1);

4) the first period of the agreement (Clause 2);

5) information that one party wishes to end the contract (Clause 2);

6) carried out, completed (e.g. an order, an obligation) (Clause 3a);

7) be responsible for paying for something (Clause 4b);

8) satisfies (a standard, a requirement) (Clause 4c);

9) must (Clause 4c);

10) consider (e.g. to be appropriate) (Clause 5a);

11) the exclusive right to decide (Clause 5b);

12) resulting from (in relation to costs/expenses) (Clause 7).

NOTE: c ontracts written in a formal style contain adverbs such as hereto, hereby, therein and thereafter. As a general rule, here means ‘this document/place/time’ – the one we are referring to – and there means ‘that document/place/time’ – a different one.

5. Use the adverbs below to complete the second phrase in each pair. There are some adverbs that you will not need:

hereby hereto hereunder herewith therefor therein thereof

1) the Schedule attached to this Agreement – the Schedule attached …

2) the technical specifications referred to in that Schedule – the technical specifications referred to …

3) it is agreed by this document – it is agreed …

4)... the services and the payment for those services

... the services and the payment

6. Use the prepositions to complete the sentences from the agreement. Some are used more than once:

at between by in of on to upon with

1) This Agreement is made … [date] … and … Company A and Company B.

2) The Manufacturer grants … a the Distributor the right to perform services … respect … the Products as are normally performed … a distributor.

3)... unless notice … termination is provided … either party … least six months … prior …. the end of the then current year.

4) Risk …. a loss …. or damage …. the Products shall pass … the Distributor.

5) The Manufacturer shall bear the cost …. delivery … the Products … the Distributor’s shipping agent … receipt …. the Products, the Distributor shall arrange.

6) ….. the event … any defective Products being received,...

7)... each Product distributed … accordance …. this Agreement.

7. Choose the best word to fill the gap from the choices A-D beside the additional extract from the distribution agreement.

RESOLUTION OF DISPUTE

This Agreement is made 1….. to the laws of [country]. In the 2… of any 3….. between the 4 ….. which cannot be agreed by negotiation, each party shall have the 5…. to appoint a representative who will then attempt to negotiate on their 6…., in 7…. with the regulated 8…. procedures in [country].

Date: 2015-09-24; view: 736; Нарушение авторских прав