T 6 Understanding contracts 2

to take back goods from sb who is asked to pay for them

Repossess

a probability of damage, injury or loss

Risk

legal right to sth

Title

abbreviation ROT means ‘retention of a title’, clause that gives information when the title in goods is transferred from the seller to the buyer

ROT clause

problems that are likely to happen when you are taking part in a particular activity, this problems are unexpected, unpredicted

Pitfalls

about goods that are impossible to use or sell after a certain time because they become dangerous for people to eat, such as fruit or fish

Perishable

sth that is done to prevent possible harm or trouble from happening in the future

Precaution

to formally ask sb to do a special piece of work, usually of creative nature

to commission

kind of remuneration expressed in percentage and presented in general income

A commission

clause in the contract which states that one party to the contract is not allowed to tell anyone certain confidential information concerning the other party

Non-disclosure clause

idea of severability is that if any provision in the contract appears to be invalid the remaining provisions will be still in force

Severablility

to confirm

Acknowledge

1) less important provision in a contract, breach of warranty may end in claim for damages, 2) promise, guarantee by one party that a particular statement of fact is true and may be relief upon by the other party

Warranty

very important provision in a contract, breach of condition may end in termination of a contract

Condition

to promise to pay if damage or loss occurs

Indemnify

1) time when the contract is binding, 2) provision in a contract

Term of contract

very serious violation of contarct

Material breach

violation of a contract that is not very important

Minor breach

with no harm to

Without predjudice to

payable

To be due

to stop doing sth

To cease

to take property from sb

Seize

except to, depending on

Subject to

upredictable sitiuation which unables party to perfom the contract

Force majeure

general term for any right that a third party has to our property

Encumbrance

any interest in property that secures the performance of obligation

Security interest

transfer of rights

Assignment

Dokonywać płatności

to make a payment

Towar w pewnym standardzie

goods of a certain standard

Obiecać, że się komuś zrekompensuje stratę

to indemnify someone against loss or damage

Prawa autorskie do

copyright in

Szczególnie

particularly

Zniesławiający

libellous

Być własnością publiczną

to be in public domain

Z wyjątkiem, gdy strony postanowią inaczej

except as otherwise agreed by the parties

Powodować

to give rise to sth

Mieć tytuł do czegoś

have title in sth

Umieścić klauzulę w umowie

incorporate a clause into a contract

Kupić ubezpieczenie

take out an insurance

Płacić ratalnie

to pay in/by instalments