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Vocabulary Contracts and corporate ethics

1

sign a contract: if you get a job, agree to buy or sell a house, agree to provide a product or a service

negotiate a contract: if you transfer a footballer, get married, agree to write a book break a contract: if you leave your job without giving notice, fail to do the work you are paid to do

cancel a contract: if you are dissatisfied with your ISP, if your customer doesn’t pay draft a contract: if you want to formalize what you have agreed with your cleaning lady award a contract: if you choose an advertising agency to improve your company’s image, or a distributor to sell your products

renege on a contract: if you fail to pay for the encyclopedia you ordered, refuse to appear in the movie you agreed to star in

take out a contract: if you pay someone to kill someone!

2

1. 
   entered into
   
2. 
   hereby
   
3. 
   undertakes
   
4. 
   on or before
   
5. 
   hereinafter
   
6. 
   make payment
   
7. 
   deemed
   
8. 
   regardless of the cause thereof
   
9. 
   give notice
   
10. 
    irrevocable
    

3

1. 
   hereby
   
2. 
   undertakes
   
3. 
   give notice
   
4. 
   entered into
   
5. 
   make payment
   
6. 
   regardless of the cause thereof
   
7. 
   irrevocable
   
8. 
   hereinafter
   
9. 
   on or before
   
10. 
    deemed
    

4

1. 
   binding
   
2. 
   enforced
   
3. 
   penalty
   
4. 
   applies
   
5. 
   sued
   
6. 
   breach
   
7.