商务英语 Level 5 Unit 2 Part 4 Vocabulary【Key Elements】

Vocabulary【Key Elements】

party
A party is a person or team of people who are involved in a negotiation.
When an agreement has been reached between both parties, a contract will be signed.
If one party breaks a contract, they could be sued by a third-party beneficiary.

party: 一方
beneficiary: 受益人

terms
The terms of a contract are the conditions that each party agrees to.
By entering into a contract, both parties are legally obligated to meet its terms.
If a party doesn't uphold the terms of a contract, the contract will be broken, or breached.

obligate: 有义务做某事
uphold: 维持，支持
breach: 违反，破裂

offer
An offer is what one party will give in exchange for something from another party.
When one party proposes a contract to another, they are making an offer.
If one party disagrees with an offer, they may make a counter-offer.

offer: 要约
propose: 提出
counter-offer: 还价

condition
In a contract, a condition is a situation that must occur in order for a requirement to be met.
If a condition hasn't been met by one party, the other party isn't required to uphold the contract.

Question

1. when would a third-party beneficiary be brought in to settle a contract?
   > when one party doesn't uphold the contract
2. Why could one party sue another if the terms of contract have been breached?
   > they are legally required to uphold it
3. They are being sued for breaching the terms of the contract.
4. A contract can't be signed if one party pulls out of it.
5. The terms of a contract state the obligations and conditions of each party.
6. The merger involved high level talks between multiple parties.
7. They enforce the contract, but are not party to it.
8. They were very interested in having her join the company, so they made her a generous offer
9. He thought their offer was too low, so he made a higher counter-offer.
10. She didn't respond to their offer by the deadline, so it was revoked.

pulls out of: 退出
merger: 合并
generous: 慷慨的