Contract law aims to provide an effective legal framework for contracting parties to resolve their disputes and regulate their contractual obligations. The law of contract is mostly self-regulatory, with the majority of contracts requiring no intervention.
Contractual relations are between individuals, and therefore contract law is a form of civil law. The dominant source of contract law is common law, whereby the previous decisions of the courts form part of the current law. There are also various statutory provisions which support contract law.
Here are ten words and phrases commonly used in Contract Law.
dispute (n) (v)
Read the sentences below and fill each gap with one of the words above. Use your knowledge of English grammar to help you.
All countries, except the USA, have signed a new agreement on climate change.
The garment workers' unions are now ready to negotiate contract changes through collective bargaining.
The department was involved in negotiations to reach a settlement with the other party.
The US Airways' pilots union agreed to minor changes to the contract that involved flying smaller jets to help cut costs.
When a dispute remains unresolved for a very long time, this could mean that the parties involved don't really want to see the matter settled.
The Media Development Authority stated it will impose financial penalties or suspend the licenses of websites that violate the conditions of the contract.
If both parties agree, the contract can be altered.
The contract places obligations on both parties to ensure that all employees have a right to healthcare.
As stipulated in the contract, the apartment cannot be sublet to a third party.
One of the conditions of the contract is that I cannot provide any private paid tuition.
When you are ready, enter your answers in the sheet below and complete the vocabulary exercise.