Answer to quiz on commercial contracts

Hi everyone, sorry for the delay but Christmas time is super busy ! Here is the answer to the quiz: 

All reasonable endeavours (collocation): Parties to a commercial contract should enter into the contract in good faith. This phrase states that a party (or parties) will do their best where reasonably possible. The phrase is used to make sure that a party fulfils a duty or obligation, or at least to use a reasonable amount of effort to fulfil them. This phrase is sometimes subject to negotiation as ‘reasonable’ is not a strong word in this situation. For instance, if you are asking another party to do something under the contract, then you would argue for the phrase ‘all endeavours’ or ‘all best endeavours’. This is much stronger. However, if you are the party who must do something under the contract then you would argue that you should use ‘all reasonable endeavours’ as this obligation is easier to fulfil. Associated Words: All Endeavours (collocation), All Best Endeavours (collocation), Duties and Obligations (collocation), Enter into a Contract (collocation), To Fulfil (verb), Good Faith (noun), Negotiation (noun), Party (noun)

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Legal English quiz ! Commercial Contracts

Hello all ! Legal English quiz time, what is the missing phrase?
“The seller must use ___   ______________   ___________ to deliver the goods within 14 days of the date of the order”. This means that the seller must do everything that is suitably possible to fulfil this obligation under the contract.

a) all reasonable endeavours
b) all known endeavours
c) all best endeavours
d) all absolute endeavours

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Answer to last week's quiz

Hi all,  the answer to last week's quiz is a) set !  More quizzes and questions coming up. In the meantime, why not visit us at http://www.legalenglishbooks.co.uk for our INTERACTIVE pdfs for your pc, tablet or phone.

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Legal English Quiz: Duties and Obligations

Hello everyone :)  It's legal English quiz time:  What is the missing word:

“The parties agree to fulfil all their duties and obligations as ___ out in this agreement”.

a) set
b) laid
c) written
d) drafted

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Answer to quiz on pre-contract documents

Hi all, the answer to last week's quiz is heads of terms. Here is our definition from our book "Drafting Commercial Contracts: Vocabulary Series" available from http://www.legalenglishbooks.co.uk

Heads of Terms (noun): This is a document that sets out the basic terms of a contract. It is commonly used for pre-contractual negotiations and to detail the terms that the parties think are the most important. Heads of Terms commonly include the main duties and obligations, for instance, applicable law, price, description, warranties, indemnities, exclusivity, dispute resolution and confidentiality. Heads of Terms are commonly used as a starting point for a first draft of a commercial contract. Associated Words: Applicable Law (noun), Confidentiality (noun), Description (noun), Duties and Obligations (noun), Exclusivity (noun), Indemnity (noun), To Negotiate (verb), Party (noun), Pre-Contractual (noun), Price (noun), To Set Out (phrasal verb), Warranty (noun).

Have a lovely weekend. More quizzes soon :)

Legal English Quiz: Pre-contract documentation

Legal English quiz time: What is the missing preposition in this legal English phrase:

The document that sets out the basic terms of a contract, especially for pre-contractual negotiations is called the heads ___ terms.

All answers, comments and shares welcome :)  Learn more legal and business English with our interactive study packs that you can download to your phone, tablet or pc at http://www.legalenglishbooks.co.uk

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