Business English Site header

Business English Exercise | Topic: Contracts/Contract negotiations 3

Designed to help you practice vocabulary relating to signing/ negotiating contracts. Although this quiz is meant for ESL students, it'll be useful to anyone who wants to practice this specialized vocabulary.

(Choose the best response for each one)

1. I really believe that it is in our company's __________________________ ( = it would be beneficial for our company) to sign this contract.
  good interest
  best interest
  best practices

2. Negotiation frequently involves compromise. Too much __________________________, however, can be a bad thing.

3. Many negotiators __________________________ ( = develop) their own contracts before entering into negotiations.
  write in
  write up
  write out

4. We need to __________________________ ( = clearly define) this point. It's a little ambiguous.

5. I'm not too __________________________ on what you mean by that. = I don't really understand what you mean by that.

6. You will see that this contract __________________________ all the terms that we agreed upon during negotiations.

7. He came into negotiations with a __________________________ list of items ( = a list of items arranged by priority).

8. Our estimate was based on the __________________________ for proposal (RFP) that we received from them on August 20.

9. A "__________________________" is an important point (for one or more parties) that, if not agreed upon, will mean that the contract will not be signed.

10. Would it be possible to __________________________ ( = get rid of/ not include) these fees?

Check answers


(c) 2007-2016 (a division of unless otherwise stated. REPOSTING ANY OF OUR CONTENT ONLINE IS NOT ALLOWED. Please see our content policy before sharing our content.