Vocabulary. Contracts

Front

What does 'set forth' mean in a contract context?

Back

To present or state something clearly and formally, often referring to terms or conditions.

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Front

What does 'hereby' signify in legal documents?

Back

It indicates that something is being done or declared by the act of signing or executing the document.

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Front

Define 'Thereafter' in the context of agreements.

Back

It refers to a point in time after a specified event or date.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a 'breach' of contract?

Back

A failure to perform any term of a contract without a legitimate legal excuse.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Explain the term 'herein' as used in contracts.

Back

It refers to something that is contained within the document itself.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

Front

What does 'whereas' indicate in a contract?

Back

It introduces a statement of fact or condition that is relevant to the agreement.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

Front

Define 'amendment' in the context of contracts.

Back

A formal change or addition made to a contract.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

Front

What is the purpose of a 'consignment' in contracts?

Back

It refers to an arrangement where goods are sent to a distributor to sell on behalf of the supplier.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

Front

Explain the term 'distribution rights'.

Back

The legal rights granted to a distributor to sell or distribute a supplier's products.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

Front

What does 'commence' mean in legal terms?

Back

To begin or start, often referring to the effective date of an agreement.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D