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6. Insert the correct prepositions and memorize them. If you are not sure, look through the text again.

1. A contract gives rise to certain rights and obligations …… the parties …. the contract.

2. There must be volunteer acceptance …the offer.

3. The principal of mutual acceptance means that both parties to a contract must agree … the terms.

4. Both parties must be competent, an insane person cannot be held … a contract.

5. Contracts that cannot be fulfilled …… one year must be put …. writing.

6. The sale … illegal drugs is another example …unenforceable contract.

7. The contract must be … proper form.

8. Consideration means something … value.

9. If I agree to sell my bike … $35, I have made an offer.

7. Study the following expressions thoroughly and match the pairs of expressions.

1. consideration

1. an agreement for supply of a service or goods

2. to enter into by contract

2. to engage a person outside an organization by contract to undertake or produce

3. to breach the contract

3. to make a contract invalid

4. contracting party

4. bound by the terms of a

5. to carry out the contract with approval

5. to break the terms of the contract

6. contract for service

6. work done according to a written agreement

7. to carry out the terms of the contract

7. to do what you have agreed to do in a contract

8. contractually

8. to approve the contract

9. to contract out

establish or settle by formal agreement

10. to void a contract

9. to fulfill the terms of the contract

11. contract

10. according to a contract

12. contract work

11. a person or a company, which signs a contract

13. to fulfill your contractual obligations

12. smth. of value: it is one of the requirements of a legal contract

14. under contract

13. a legally enforceable agreement between two or more parties

8. Make up sentences with some of the following words and word combinations.

Learn them by heart. They will be very useful to you while discussing terms of any Contract.

1. torevise a contract

пересматривать контракт

2. toterminate a contract

расторгать контракт

3. toaccept a contract

принять контракт

4. tocancel a contract

аннулировать контракт

5. under the terms of the contract

согласно условиям контракта

6. to implement (perform) a contract

выполнять контракт

7. to word terms and conditions

сформулировать условия

8. to sign a contract

подписать контракт

9. to infringe (breach) a contract

нарушать условия контракта

10. to negotiate a contract

обсуждать контракт

11. to hold a contract

действовать по контракту

12. to finalize terms and conditions

окончательно согласовать условия

13. contract law

договорное право

14. contract price

договорная цена

15. contract value

стоимость товаров, купленных (проданных) по контракту

16. initiating of a contract

парафирование контракта (подписание договора инициалами лиц, разрабатывавших его, в подтверждение предварительной договоренности)

17. nude contract

договор, не имеющий исковой силы; договор, не основанный на встречном удовлетворении

18. to contract liabilities

взять на себя обязательства

19. to ensure

обеспечивать, гарантировать

20. a long-term contract

(period contract)

долгосрочный контракт

21. a short-term contract

краткосрочный контракт

22. to state

излагать, заявлять, формулировать

23. to break the obligations according to the contract

нарушить обязательства согласно контракту

24. to reconsider the contract

пересмотреть контракт

25. to improve the terms of a contract

улучшить условия контракта

26. to carry out the terms of a contract

выполнить условия контракта

27. to regard a contract with approval

одобрить контракт

28. to place a contract with a company

составить контракт

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