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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