Read and translate the text:
It is more common to draw up a formal, written agreement before the business is started. This is known as the contract. It often covers areas such as:
how the profits and losses will be shared
the method to be followed if a partner withdraws or dies or new ones enter the business
how the assets will be divided in case the business is ended
the duties of the partners
the manner in which any disagreements arising out of the contract will be settled.
At the bottom, after all these provisions are listed, there is a place for the partners to sign their names.
So, contract forms the basis of a transaction between the Buyers and the Sellers, and great care is exercised when the Contract is being prepared that all legal obligations have been started. As a rule the Contract contains a number of clauses, such as:
Subject of the Contract
Price
Terms of Payment
Delivery
Inspection and Test
Guarantee
Packing and Marking
Arbitration
Transport
Insurance and Other Conditions
Remember the main conditions for contracts:
an offer must be made
it may be oral or written; for example, a salesperson may telephone or write a prospective client, offering to sell the client materials at a certain price. Or the offer may take the form of an act. In any case the offer must be firm, definite and specific enough to make it clear.
acceptance of the offer must be voluntary
Don Carleone, the godfather of film and novel, frequently made people “an offer they couldn’t refuse”.
both parties must give consideration
a contract is legal if each party gives something of value to the other. This item of value or consideration may be money, goods, services.
both parties must be competent
the contract must be legal
the contract must be in a proper form
the contract is valid from the moment it is signed by the two sides
Put the necessary word in the sentences:
propose voluntary fulfilled enforceable legal
A contract is an exchange of promises … by law.
One party must … that an agreement be entered into by both parties.
Acceptance of the offer must be … .
The contract must be … .
A contract will not be … because both parties agree to end it.
Translate into English:
Проект контракту потрібно підготувати до кінця тижня.
Ми хотіли б обговорити умови майбутньої угоди.
Товар може бути замовлено по телефону або письмово.
Хто оплачує транспортні витрати?
Ми зацікавлені в найкоротших строках постачання.
Клієнт сплачує мито, а також витрати на транспорт та упаковку.
Угода вважається чинною з моменту її підписання.
Unit 4. Advertisement
Remember the words:
advertisement (ad) - public announcement in the press, TV
research - investigation, study
source - place from which smth comes or is got
datum (lat) (pl-data) - facts, information
census - official counting of the population
survey - examination, study
advantage - benefit, profit
disadvantage - unfavourable condition
sample - example, model