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Legal English Vocabulary - Contract Law 2
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The clauses which state that the party is not responsible for certain things to happen.
exclusion clauses
If one party in a contract is a limited company then that company's owners enjoy....
limited liability
When each person or business is individually responsible for the entire contract they are...
joint & severally liable
Refers to legal responsiblity.
liability
Section in which particular terms of a contract are written.
clauses
Less important terms of a contract.
warranties
If a condition is not met the contract is broken or...
breached
The most important terms of a contract.
conditions
A contract that is valid under the law is...
legally binding
Statements that can not be used as evidence in legal cases are made....
without prejudice
Officially accepting the contract by signing a paper version.
ratify an agreement
Reaching greement on all of the detailed points of an agreement.
come to terms
The terms which are not directly stated but still govern the contract.
implied terms
The exact terms written into the contract or discussed during negotiations.
express terms
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