Advanced Business Vocabulary

1. The legal responsibility one party has in the event of a breach of contract or wrongdoing.

2. The authority under which legal disputes will be decided in a contract.

3. An arrangement where a party in a contract hires another party to perform part of its duties.

4. An agreement where parties promise not to disclose secret information.

5. A promise within a contract that guarantees the quality or condition of a product or service.

6. A process where a neutral third party resolves disputes outside of court.

7. A legal contract where one party agrees not to reveal another party's confidential information.

8. A clause excusing parties from fulfilling their obligations due to unforeseen events.