8. Contracts - 1

Staff have agreed to accept a new pay offer after talks with management.

to agree to an offer, plan or suggestion etc

The agreement was signed yesterday.

a negotiated and usually legally binding arrangement between two or more parties; a contract

Durham Tees Valley argued that the airline breached a contract, signed in April 2003, which obliged it to fly two of its planes out of the airport for a minimum of 10 years.

to break or violate a law, obligation, duty or contract term etc

As used in this section, 'total consideration paid or contracted to be paid' includes money or anything of value, paid or delivered or contracted to be paid or delivered in return for the sale.

payment made in exchange for performance of a contract; something of value given by one party to another in order to induce (=persuade, encourage, convince) the other to contract

Liability assumed by a party under a contract by express language, implication, or operation of law; includes not only the obligation of a party to perform in accordance with the contract but also such other obligations as may be assumed, e.g., those arising from indemnification or hold harmless clauses.

The damage incurred by the plaintiff was estimated to be £100,000.

loss or injury, caused negligently or intentionally, to a person or property

The UN Charter allows the use of force for the express purpose of restoring international peace and security.

clearly and intentionally stated; not implied

The text of the Constitution implies that each house must take all its decisions by majority vote.

to suggest that something is true, or that you think something is true, without saying it directly

It is a crime to transmit a disease with the intention of causing a serious injury.

your aim or objective in doing something

What are my obligations under the agency agreement?

things that you must do because of some moral or legal duty

He offered to paint my house for $1000.

to communicate the terms and conditions of a possible agreement to a party with whom you would like to make that agreement

REWARD. An offer of recompense given by authority of law for the performance of some act for the public good; which, when the act has been performed, is to be paid; or it is the recompense actually paid. 2. A reward may be offered by the government or by a private person. In criminal prosecutions, a person may be a competent witness although he expects, on conviction of the prisoner, to receive a reward

1) to write one's signature on a document, including an "X" by an illiterate or physically impaired person, provided the mark is properly witnessed in writing as "Eddie Jones, his mark." An attorney-in-fact given authority to act for another person by a power of attorney may sign for the one giving the power, but should identify the signature as "by his attorney-in-fact, George Goodman." 2) to communicate by sign language.

The new guidelines state that the consultation document must be written using plain language.

to say or write something, often in an official or formal situation

Sagheer plans to sue the US for $10.4m compensation, according to his lawyer.

to take a civil legal action against a person or organisation, often (but not only) when claiming money for some harm, injury or wrong that they have caused you

1. (usually specified prenominally) the actual language or mode of presentation used he described the project in loose terms 2. conditions of an agreement you work here on our terms 3. (Business / Commerce) a sum of money paid for a service or credit; charges 4. (usually preceded by on) mutual relationship or standing they are on affectionate terms

Most UK corporate contracts do not have to be made under seal.

of an official document signed and including the seal or stamp of the signer

orally, vocally, in words, in speech, by word of mouth He has difficulty expressing himself verbally.

an agreement that gives someone the right to use land or a property

An association spokesman said the changes did not involve any amendments to tenancy agreements.

National Express's problems came from having paid too much for the franchise.

a right that someone buys from a company to sell its goods or services, especially in a particular area

Banks generally have standard loan agreements, and can often be unwilling to change the terms.

a contract between borrower and lender which sets out the terms and conditions for the loan

contract between employer and employee