Contract and Business Vocabulary Lecture Notes

A set of vocabulary flashcards covering terms, parts of speech, and common phrases related to contracts and business agreements as presented in the lecture notes.

Contract

(n) An agreement; (v) To sign an agreement. Common phrases: sign a contract, breach a contract.

Agree

(v) To concur or reach a settlement. Related form: agreement (noun). Common phrase: agree on/upon something.

Approve

(v) To officially accept or give permission for something. Related form: approval (noun).

Review

(v/n) To examine or check something again. Common phrase: review the document.

Term

(n) A specific provision or condition within a contract; also refers to a period of time. Common phrase: the terms of the contract.

Cancel

(v) To call off or terminate an arrangement. Related form: cancellation (noun).

Expire

(v) To reach an end date or stop being valid (used for contracts, passports, cards). Related form: expiration date (noun).

Sign

(v) To write one's name on a document to authorize it. Related form: signature (noun).

Obligate

(v) To require or force someone to do something. Common phrase: be obligated to do something.

Provide

(v) To supply or give something. Common phrase: provide someone with something.