Lesson 1 – Contracts

Lesson 1 – Contracts

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No.Word IPASoundMeaningExample
1abide byv./əˈbaɪd/ to comply with; to conforma. The two parties agreed to abide by the judge’s.
b. For years he has abided by a commitment to annual employee raises.
2agreementn./əˈgri mənt/ a mutual arrangement, a contracta. 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.
3assurancen./əˈʃʊər əns, -ˈʃɜr-/ a guarantee; confidencea. The sales associate gave his assurance that the missing keyboard would be replaced the next day.
b. Her evident self-assurance made it easy to see why she was in charge oJ the negotiations.
4cancelv./ˈkæn səl/ to annul; to call offa. The man canceled his magazine subscription and got his money back.
b. When the concert was canceled, the singer sued to get her fee paid.
5determinev./dɪˈtɜr mɪn/ to find out; to influencea. 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.
6engagev./ɛnˈgeɪdʒ/ to hire; to involve someone or somethinga. We engaged a salsa band to play at the reception.
b. Once we engaged Otto in the decision making for the project, he became much more supportive.
7establishv./ɪˈstæb lɪʃ/ to institute permanently; to bring abouta. 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.
8obligatev./ɒb lɪˌgeɪt/ to bind legally or morallya. 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.
9partyn./ˈpɑr ti/ a person or group participating in an action or plan; the persons or sides concerned in a legal mattera. The parties agreed to a settlement in their contract dispute.
b. The party of the first part generally has the advantage of preparing the contract or agreement.
10provisionn./prəˈvɪʒ ən/ a measure taken beforehand; a stipulationa. 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.
11resolvev./rɪˈzɒlv/ to deal with successfully; to declarea. 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.
12specifyv./ˈspɛs əˌfaɪ/ to mention explicitlya. Mary specified in the contract that her bill must be paid within 30 days.
b. The letter does not specify which attorney is handling our case.

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