Political, businessman, state federal, governmental, commerce, exchange, trade, market

Null and Void

If a contract is null and void it means that it no longer works or is no longer active. Usually in a contract you will read something like “Should you refuse to adhere to the regulations set out in this contract it will be rendered null and void.” It is normally not something you need […]

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negotiate definition

Negotiate definition with examples

Negotiate (verb) If you are a good negotiator you will get a long way in life! To negotiate something is to get the best deal for you or for someone else. When you are offered a job you may have to negotiate your contract, including things like how much money you will be paid and […]

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contract vocabulary

Clause definition

Clause (noun) related to contract This is similar to the terms of a contract that will be discussed below. A clause in a contract is just a section of a contract that states various details that must be followed at all times. There are many different types of clauses and it’s very important to know exactly […]

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Force majeure

Force majeure definition

As you might expect, this is taken from French language and it translates into English directly as “superior force”. In a contract, if something is seen as force majeure, it overrides anything that is written as a condition in that clause. Watch out for these because regardless of anything else you read in the contract, […]

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have to don't have to

HAVE TO & DON’T HAVE TO

Have to: when something is necessary, you cannot choose not to do it, it is a duty, something that you must do. To be able to live we have to eat, we have to sleep and we have to breathe. Don’t have to: when something is not necessary, not a must You don’t have to […]

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contract vocabulary

Fine print definition

Fine print This is also sometimes known as “the small print”. It is of paramount importance that you read the fine print! These are the words that are written in small letters right at the bottom of the page or in the margins. Now, have a quick think about it, why would people want to […]

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types of questions

Condition definition

Condition (noun) related to contract A condition in the contract shows that something must happen in order for something else to happen. For example, the main condition of many contracts is that an employee does work for someone and then they are paid for their work at the rate agreed in the contract. They may […]

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contract vocabulary

Article definition

Article (noun) related to contract An article helps to set out a clear set of rules in a contract. This is similar to both clause and terms that will both be discussed below. Articles can be extremely lengthy and details and are usually referred to by number and section when they are quoted. You may […]

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contract vocabulary

Arbitration definition

Arbitration (noun) related to contract Arbitration is used to make sure a dispute is resolved in the most logical way possible. The process of arbitration is carried out by an arbitrator. This is someone who is completely impartial and doesn’t have any interest in the case that they are settling. An arbitrator is called in […]

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types of questions

Appendix definition

Appendix (noun) related to contract This is an extra page or set of pages at the end of a contract or book. It’s used to provide definition or clarity to anything that might need extra explanation. It’s usually very dull, but it can be very important to read just so that you know what you […]

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