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Advanced Business Vocabulary

Contract Terminology Gap Fill

Choose the correct answers from the words in the box below.

binding - breach - indemnify - clause - negotiate - stipulation - void - counterpart

  1. A legally contract must be adhered to by all parties.
  2. To means to discuss and agree on the terms of a contract.
  3. A is a specific provision or condition within a contract.
  4. The contract becomes if it lacks a necessary legal element.
  5. A is a specific requirement that a party must follow.
  6. To someone is to agree to cover their losses or damages.
  7. Not following the terms can result in a of contract.
  8. Each of the contract is an exact copy signed by different parties.

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