Study the following definitions and examples.
by v., to comply with; to conform
a. The two parties agreed to
abide by the judge's decision.
b. For years he has abided by a
commitment to annual employee raises.
n., a mutual arrangement, a contract
a. The landlord and tenant were
in agreement that the rent should be prorated to the middle of the month.
b. According to the agreement,
the caterer will also supply the flowers for the event.
n., a guarantee; confidence
a. The sales associate gave his
assurance that the missing keyboard would be replaced the next day.
b. Her self-assurance made it
easy to see why she was in charge of the negotiations.
n., annulment; stopping
a. The cancellation of her flight
caused her problems for the rest of the week.
b. The cancellation clause
appears at the back of the contract.
v., to find out; to influence
a. After reading the contract, I
was still unable to determine if our company was liable for back wages.
b. The skill of the union
bargainers will determine whether the automotive plant will open next week.
v., participate; involve
a. Before engaging in a new
business, it is important to do thorough research.
b. He engaged us in a fascinating
discussion about current business law.
v., to institute permanently; to bring about
a. Through her many books and
interviews, Dr. Wan established herself as an authority on conflict resolution.
b. The merger of the two
companies established a powerful new corporation.
v., to bind legally or morally
a. The contractor was obligated
by the contract to work 40 hours a week.
b. I felt obligated to finish the
project even though I could have exercised my option to quit.
n., a person or group participating in an action or plan; the persons or sides
concerned in a legal matter
a. The parties agreed to a
settlement in their contract dispute.
b. The party that prepares the
contract has a distinct advantage.
n., a measure taken beforehand; a stipulation
a. The father made provisions for
his children through his will.
b. The contract contains a
provision to deal with how payments are made if John loses his job.
v., to deal with successfully; to declare; n., conviction
a. The mediator was able to
resolve the problem to everyone's satisfaction.
b. The businessman resolved to
clean out all the files by the end of the week.
a. The customer's specific
complaint was not addressed in his e-mail.
b. In a contract, one specific
word can change the meaning dramatically.