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Unit 10B

Unit 10B - Understanding Contracts 2 (TOLES)

TermDefinition
to carry a risk
to take out insurance
to retain title in goods
to recover goods
a sensible precaution
to take a precaution
clearly stated
to enter onto someone’s premises
to pay for goods She paid for the goods with her credit card.
to pay in/by instalments The seller agreed to allow the buyer to pay for the goods in instalments.
to protect against non-payment There are several things that a seller can do to protect himself against non-payment.
to incorporate a clause into a contract It is a good idea to incorporate a retention of title clause into a contract.
to mix one product with another We cannot recover the glue that we sold them as it has been mixed with other products in the manufacture of furniture
to provide a service
a rival organisation
to be free from any encumbrance
to transfer ownership
to be contracted by someone to do something I have been contracted by the City of London environment department to remove graffiti from this area.
in the hands of a rival organisation I am sure that our client list is in the hands of our greatest competitor.
to have copyright/IP rights in something The Beatles have sold copyright in much of their music.
at the time of payment Ownership transfers to the buyer at the time of payment.
an implied term
to imply a warranty
to disclose information
to suffer a loss
an expressly stated contracted term
to be a certain standard These goods are not of the expected standard.
a warranty made by one party to the other party This contract contains a warranty made by the seller to the buyer.
loss arising from a breach I am indemnified against any loss arising from a breach of contract.
to indemnify someone against loss or damage The consultant agreed to indemnify the company against any loss or damage.
the term of a contract
the expiry date of a contract
to commit a breach
a material breach
a minor breach
to remedy a breach
to give notice
to enter into/go into liquidation
the circumstances under/in which something can happen Under what circumstances can I terminate this contract?
to insist upon/on something I insist upon a remedy for the breach within 30 days.
to be in breach of your obligations The supplier is in breach of her obligations under this agreement.
to give rise to something The other party’s actions will give rise to an award of damages.
an unforeseen event
to rely on a clause
to establish a principle
to be outside someone’s influence The hurricane in the USA was an event outside the influence of the contracting parties.
to go out of business My supplier went out of business a few weeks ago.
Created by: bactra
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