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contracts
Alexa Abogada
Created on September 5, 2023
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Transcript
What is a Contract?
English II
INDEX
concept
Parts of a contract
Common agreement types
coNTRACT CONCEPTS
EXAMPLE
Concept
VOCABULARY
PARTS
tYPES
eXAMPLE
What's a contract?
A contract is a legally binding agreement that is a promise of a specific value for every party.
cONCEPT
VOCABULARY
EXAMPLE
Parts
tYPES
Parts of a contract
Structure
Elements
VALID OFFER
- Contract Frame.
- Definitions Section.
- Business Section.
- Termination Section-
- General Provisions Section— boilerplate
- Parties
- Recitals
- Mutuality of obligations
- Binding agreement
CONCEPT
VOCABULARY
EXAMPLE
paRTS
types
Common types
- Express Contracts
- Bilateral Agreements
- Unilateral Agreements
Empresa
SUBTÍTULO
CONCEPT
PARTS
TYPES
VOCABULARY
Example
Warranty
A warranty signifies a promise that a fact is true.
REPRESENTATIONS
Covenant
This is a statement of fact or present intention
A covenant obligates a party to do, or refrain from doing something.
Declarations
These set the policy for the contractual relationship and define terms.
Empresa
Conditions
SUBTÍTULO
A duty that the parties must perform under the contract. Conditions are never breached
CONCEPT
PARTS
TYPES
VOCABULARY
Example
Warranty
A warranty signifies a promise that a fact is true.
REPRESENTATIONS
Covenant
This is a statement of fact or present intention
A covenant obligates a party to do, or refrain from doing something.
Declarations
These set the policy for the contractual relationship and define terms.
Empresa
Conditions
SUBTÍTULO
A duty that the parties must perform under the contract. Conditions are never breached
CONCEPTS
VOCABULARY
EXAMPLES
PARTS
TYPES
CONCEPTS
VOCABULARY
EXAMPLES
PARTS
TYPES