1. Study the following words and word-combinations:

1. contract for the preparation of a detailed project report - контракт на виконання технічного проекту об'єкту

1. contract for the sending of specialists - контракт на відрядження спеціалістів

2. contract for rendering technical assistance in the construction of a project -контракт на технічну співпрацю у будуванні об'єкту

3. contract for the supply of complete equipment - контракт на постачання комплектного обладнання

4. contract for the sale of know-how and license - контракт на продаж ліцензій та ноу-хау

5. research and development contract - контракт на проведення технічних дослідів та розробок

2. developmental contract - контракт на розробку

3. risk contract - контракт на умовах ризику

4. reference number - номер для посилання

10. insurance payments - страхові виплати

11. responsibility of the parties and procedure for setting disputes - відповідальність сторін та процедура проведення диспутів

П. While-reading stage:

2. Read and translate the following text contracts

After the prospective buyer receives the offer, he carefully studies it. Then, very of­ten, he has a few talks or exchanges letters with the prospective seller. After the two par­ties come to an agreement about terms and conditions of the transactions, they sign a con­tract.

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Англійська мова

Contract is an agreement between the parties involved that creates a binding obliga­tion. In general, contracts may be either oral or written. Certain classes may be written and signed. These are contracts involving the sale and transfer of real estate, and contracts to guarantee or answer for the miscarriage, debt, or default of another person. A contract forms the basis of a transaction between the Buyers and the Sellers.

There are such types of contracts as:

1. contract for the preparation of a detailed project report

2. contract for the sending of specialists

3. contract for rendering technical assistance in the construction of a project

4. contract for the supply of complete equipment

5. contract for the sale of know-how and license

6. research and development contract

7. developmental contract

8. risk contract.

Some of the items are necessary in any contract: legal title of the contracting parties, subject of the contract, quality, price, delivery and payment terms. As a rale a contract contains a number of clauses, such as:

1. date of the contract

2. place or city

3. reference number

4. names of the buyer and the seller

5. description of the goods

6. price and the total value

7. terms of delivery

8. terms of payment

9. rights and duties of the parties

10. responsibility of the parties and procedure for setting disputes

11. addresses and essential details of the parties, etc.

In order for a contract to be a legally binding agreement, it must contain the follow­ing elements:

• there must be an offer and an acceptance;

• there must be consideration (i.e. something must be offered in exchange for something else);

• there must be an intention to create legal relation. Here is an example of an agreement:

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Англійська мова

УГОДА №_

м. Херсон "_" 2001 р.

Генеральна агенція з туризму в Хер­сонській області. ВАТ "Туркомплекс "Фрегат", Україна, 73000, м. Херсон, пр. Ушакова, 2 в особі генерального ди­ректора Пальмаша Юрія Івановича та

AGREEMENT №

City of Kherson Date: 2001

State Committee of Ukraine for Tourism "Fregat", Ukraine, 73020 Kherson, 2 Ushakova Av., represented by Yuri I. Pal- mash of the Board, further on named as "Fregat" and

в особі

в подальшому "Фірма" уклали цю Уго­ду про наступне: