Intermediate Business Vocabulary

1. A ______ is a formal agreement between two or more parties.

    signature

    contract

    condition

2. The ______ of a contract are the details about what each party must do.

    signatures

    expiry

    terms

3. To make a contract valid, all parties must ______ it.

    discuss

    sign

    renew

4. An ______ is something that a party is legally required to do.

    obligation

    option

    agreement

5. When a contract reaches its ______ date, it is no longer in effect.

    renewal

    expiry

    signing

6. You can ______ a contract to make changes or add new terms.

    sign

    break

    amend

7. A ______ is a smaller part of a larger contract.

    clause

    signature

    term

8. If you don't follow the contract, it can lead to a ______.

    renewal

    breach

    signature