A vocabulary exercise covering the language of business contracts and legal agreements. These terms are essential for anyone reviewing, negotiating, or drafting contracts in English.
READY TO PRACTICE? LET’S GO!
Choose the correct response to complete each sentence.
1. Generally speaking, it is not wise to accept a contract on the ____________________, immediately after it is presented.
Correct answer: spot.
2. I told him I'd get __________________________ with an answer the following day.
Correct answer: back.
3. I'm not really happy with the __________________________ of this contract.
Correct answer: terms.
4. To do something that goes against the terms of a contract is known as "__________________________" the terms of a contract.
Correct answer: breaching.
5. We ____________________ a contract with them. = We signed a contract with them.
Correct answer: entered into.
6. The fine ____________________ contains the detailed conditions of a contract, often in smaller type.
Correct answer: print.
7. This contract can be __________________________ (meaning: ended) by either party.
Correct answer: terminated.
8. Could you please confirm that __________________________?
Correct answer: in writing.
9. This is the __________________________ (meaning: typical, normal) contract that we give to all our employees.
Correct answer: standard.
10. Before signing the contract, I need to ____________________.
Correct answer: have our legal expert review it.
—
💬 Useful phrases “I think we can find a solution that works for both of us.” — an opening statement signaling collaborative intent “We'd be willing to consider that, provided that...” — introducing a conditional concession during negotiation “That's a reasonable position, but our concern is...” — acknowledging the other side while steering toward your priorities “Could we explore a middle ground on this point?” — suggesting a compromise without fully conceding “I'd like to propose an alternative arrangement.” — introducing a new option when the current one is not acceptable “What flexibility do you have on the timeline?” — probing for room to adjust a key term without direct confrontation “We're prepared to move forward if you can accommodate...” — signaling readiness to close contingent on a specific concession “Let's take a short break and reconvene.” — suggesting a pause to regroup when negotiations become tense