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CONTRACTS - THEORY 01

Marina Penna 16 questions

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  1. 1A [blank_start]contract[blank_end] is an [blank_start]agreement[blank_end] that is [blank_start]binding[blank_end] and legally [blank_start]enforceable[blank_end].
    A contract is formed/created/entered into when one party makes an [blank_start]offer[blank_end] which is then accepted by the other party.
    A counter-offer does not constitute [blank_start]acceptance[blank_end].
    Under common law, for a contract to be properly formed and hence enforceable, legally sufficient [blank_start]consideration[blank_end] is also required. Often consideration is the purchase [blank_start]price[blank_end] but it need not be money. It can be something else of [blank_start]value[blank_end] that induces the agreement.
    1. Acontract
    2. Bagreement
    3. Cagreement
    4. Dcontract
    5. Ebinding
    6. Fmandatory
    7. Genforceable
    8. Hcoercive
    9. Ioffer
    10. Jannouncement
    11. Kacceptance
    12. Lnew offer
    13. Mconsideration
    14. Nevaluation
    15. Oprice
    16. Pmoney
    17. Qvalue
    18. Ruse
  2. 2The parties may agree that the contract becomes binding when it has been signed (also [blank_start]executed[blank_end]) by both parties.
    1. Aexecuted
    2. Bcarried out
    3. Ceffective
  3. 3INTRODUCTORY SECTION

    [blank_start]Headings[blank_end] are placed in the center of the contract's first page, usually in a larger bold typeface.

    It should identify the contract's nature as much as possible (e.g. International Agency Agreement; Agreement for Services; Purchase Agreement; Purchase and Sale Agreement; Merge Agreement; Employment Agreement; Licensing Agreement; Nondisclosure Agreement).

    Note that the term "[blank_start]agreement[blank_end]" is more common than "contract" although both terms are synonymous.
    1. AHeadings
    2. BCaptions
    3. CHeadlines
    4. Dagreement
    5. Earrangement
  4. 4INTRODUCTORY SECTION (Names and Addresses)

    The contract's introductory statement, which comes directly after the heading, identifies the parties to the contract and their correct legal description (whether they are [blank_start]natural[blank_end] persons, partnerships, companies, etc.), as well as where they [blank_start]reside[blank_end] (for natural persons) or where their [blank_start]principal[blank_end] place of business is located (for corporate entities).

    The words "between" (for two parties) or "among" (for more than two parties) describe the parties' contractual relationship.

    The parties' names are usually shortened in the introductory statement by using defined terms, e.g. Saran Industries ("Saran") or Jack Black (the "Contractor"). Always ensure that defined terms are capitalized and used in a consistent manner throughout the text.
    1. Anatural
    2. Bindividual
    3. Cordinary
    4. Dreside
    5. Esettle
    6. Finhabit
    7. Gprincipal
    8. Hbiggest
    9. Idominant
  5. 5HOW TO IMPROVE THE TRANSLATION OF THE FOLLOWING CLAUSE:

    AGREEMENT FOR SERVICES

    Agreement for Services (the "Agreement") is entered into between Party A LIMITED, a company incorporated under the laws of the State of Delaware under registration number 1234567 and having its registered office at [Address] (the "Company") and Party B, an individual residing at [Address] (the "Consultant"), collectively referred to herein as the "Parties" and individually as a "Party."

    ACORDO DE [blank_start]SERVIÇOS[blank_end]

    Contrato de [blank_start]Serviços[blank_end] (o "Contrato") é celebrado entre [blank_start]a[blank_end] Parte A LIMITED, [blank_start]uma[blank_end] empresa constituída sob as leis do Estado de Delaware sob o número de registro 1234567 e com sede em [Endereço] (a "[blank_start]Empresa[blank_end]") e [blank_start]a[blank_end] Parte B , [blank_start]um[blank_end] indivíduo residente em [Endereço] (o "[blank_start]Consultor[blank_end]"), coletivamente [blank_start]denominado[blank_end] neste documento como "Partes" e individualmente como "Parte".
    1. APRESTAÇÃO DE SERVIÇOS
    2. BSERVIÇOS
    3. CServiços
    4. DPrestação de Serviços
    5. Ea
    6. FØ
    7. Guma
    8. HØ
    9. Ia
    10. JØ
    11. Kum
    12. LØ
    13. Mdenominado
    14. Ndenominados
    15. OEmpresa
    16. PContratante
    17. QConsultor
    18. RContratado
  6. 6CONTRACT DATE

    The contract date is commonly included in the [blank_start]introductory[blank_end] statement or at the end of the contract.
    The [blank_start]execution[blank_end] date (when the parties sign the contract) is frequently but not always the contract's effective date (when the contract comes into force).
    In some cases, however, the contract will have separate execution and effective dates.
    In such cases, the contract's core provisions should include a clause to this effect (e.g. "the Effective Date shall be ten calendar days after the date on which all parties have executed the contract").
    1. Aintroductory
    2. Bmiddle
    3. Cexecution
    4. Deffective
  7. 7The best translation to the following clause is:

    "The Effective Date shall be ten calendar days after the date on which all parties have executed the contract"
    1. AA Data Efetiva será dez dias corridos após a data em que todas as partes executaram o contrato
    2. BO contrato entrará em vigor após dez dias corridos da data em que todas as partes assinarem o presente instrumento contratual.
  8. 8RECITALS

    Recitals are [blank_start]optional[blank_end] but are useful to provide [blank_start]additional[blank_end] context on background facts, the parties' [blank_start]intentions[blank_end], or important documentation.
    While recitals are not typically [blank_start]binding[blank_end] in nature, courts may use them to establish the parties' [blank_start]true[blank_end] intentions.
    1. Aoptional
    2. Badditional
    3. Cintentions
    4. Dbinding
    5. Etrue
  9. 9You can start the Recitals using the traditional term "(...)"; or you may choose more straightforward headings such as "(...)", or "(...)", and even a simple statement such as "(...)"
    1. AWhereas
    2. BRecitals
    3. CBackground Facts
    4. DThis contract is entered into under the following facts:
    5. EWherein
    6. FWhether
  10. 10CHOOSE THE BEST TRANSLATIONS TO THE FOLLOWING CLAUSES:

    1. ARECITALS = exposição de motivos; considerandos
    2. BWHEREAS, the Seller desires to sell the real estate = CONSIDERANDO que o vendedor deseja vender o imóvel
    3. CWHEREAS, the Buyer desires to buy the real estate = CONSIDERANDO que o comprador deseja comprar o imóvel
    4. DNOW THEREFORE, the parties hereby agree as follows = ASSIM SENDO, têm entre si justo e contratado a celebração do presente contrato:
    5. EWHEREAS, the Seller desires to sell the real estate = LEVANDO EM CONTA que o vendedor procura vender o imóvel
    6. FWHEREAS, the Buyer desires to buy the real estate = TENDO EM MENTE que o comprador planeja a aquisição do imóvel

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Description
Idiomas CONTRACTS Quiz on CONTRACTS - THEORY 01, created by Marina Penna on 24/06/2021.
Language
Português
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