Understanding Conditions and Contingencies in Agreements
Conditions and contingencies play crucial roles in agreements. Conditions determine the binding nature of an agreement, while contingencies cover potential future events that may impact the agreement's validity. These elements ensure clarity and protection for parties involved in contractual relationships.
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Unit 4: Conditions & Contingencies
Condition The agreement is binding if both parties execute it.
Condition The agreement is binding if both parties execute it. Alternatives for if?
Condition The agreement is binding if both parties execute it. provided / providing that as / so long as The agreement is non-binding unless both parties execute it.
Contingency = a future event that might cause problems
Contingency The agreement shall be void if the distributor becomes insolvent.
Contingency The agreement shall be void if the distributor becomes insolvent. Alterntatives for if?
Contingency The agreement shall be void if the distributor in the event that becomes insolvent.
Conditions & Contingencies Condition: The agreement is binding if both parties sign it. Contigency: The agreement shall be void if the distributor becomes insolvent.
Condition or Contingency? 1. The contract can be renewed if the client is satisfied with consultant s performance.
Condition or Contingency? The contract can be renewed if the client is satisfied with consultant s performance. 1. Condition . Substitutes for if?
Condition or Contingency? The contract can be renewed if the client is 1. provided / providing that as /so long as satisfied with consultant s performance.
Condition or Contingency? The discount can be applied if the client 2. purchases more than 500 units.
Condition or Contingency? The discount can be applied if the client 2. purchases more than 500 units. condition
Condition or Contingency? The discount can be applied if the client 2. provided / providing that as / so long as purchases more than 500 units.
Condition or Contingency? The discount can be applied if the client 2. purchases more than 500 units. Negative condition
Condition or Contingency? The discount cannot be applied ______________the client purchases more than 500 units. 2.
Condition or Contingency? The discount cannot be applied unless the client purchases more than 500 units. 2.
Condition or Contingency? 3. The manufacturer shall replace the goods if they are damaged on arrival.
Condition or Contingency? 3. The manufacturer shall replace the goods if they are damaged on arrival. Contingency.
Condition or Contingency? 3. The manufacturer shall replace the goods if they are damaged on arrival. in the event that
Condition & Contingencies: nouns The agreement is binding if both parties execute it. as/so long as / provided that The agreement is binding _________ its execution by both parties.
Condition & Contingencies:nouns The agreement is binding if both parties execute it. as /so long as / provided that The agreement is binding subject to its execution by both parties.
Condition & Contingencies:nouns The agreement shall be void if the distributor in the event that becomes insolvent.
Condition & Contingencies: nouns The agreement shall be void if the distributor in the event /case that becomes insolvent. The agreement shall be void _____________ the distributor s insolvency
Condition & Contingencies: nouns The agreement shall be void if the distributor in the event/case that becomes insolvent. The agreement shall be void in the case of / in the event of the distributor s insolvency
Complete the sentences 1. _____________ the breach is not remedied in 14 days, the Licensor is entitled to terminate the agreement. Contingency or condition?
Complete the sentences 1. _____________ the breach is not remedied in 14 days, the Licensor is entitled to terminate the agreement. Contingency
Complete the sentences 1. In the event /case that the breach is not remedied in 14 days, the Licensor is entitled to terminate the agreement.
Complete the sentences 2. _____________ sales reach the level established herunder, the contract may be renewed. Contingency or condition?
Complete the sentences 2. _____________ sales reach the level established herunder, the contract may be renewed. Condition
Complete the sentences 2. Provided that / As long as sales reach the level established herunder, the contract may be renewed.
Complete the sentences 3. ____________ the executive submits the appropiate documents by the 15th of the month, he/she shall be reimbursed the same month for any expenses incurred. Contingency or condition?
Complete the sentences 3. ____________ the executive submits the appropiate documents by the 15th of the month, he/she shall be reimbursed the same month for any expenses incurred. Condition
Complete the sentences 3. Provided that / So long as the executive submits the appropiate documents by the 15th of the month, he/she shall be reimbursed the same month for any expenses incurred.
Complete the sentences 4. A penalty of 2% will be applied _____________ the late arrival of the goods. Contingency or condition?
Complete the sentences 4. A penalty of 2% will be applied _____________ the late arrival of the goods. Contingency
Complete the sentences 4. A penalty of 2% will be applied in the case of the late arrival of the goods.
Complete the sentences 5. The meeting cannot be held _____________ there is a quorum. Contingency or condition?
Complete the sentences 5. The meeting cannot be held _____________ there is a quorum. Condition
Complete the sentences 5. The meeting cannot be held unless there is a quorum.
Complete the sentences 6. The packaging cannot be modified ____________ the written consent of the Licensor. Contingency or condition?
Complete the sentences 6. The packaging cannot be modified ____________ the written consent of the Licensor. Condition
Complete the sentences 6. The packaging cannot be modified without the written consent of the Licensor.
Complete the sentences 7. The contract can be amended ___________ the approval of both parties. Condition
Complete the sentences 7. The contract can be amended subject to / with the approval of both parties.
Conditions & Contingencies Condition + verb provided / providing (that) so/as long as in the case that - unless Contingency + verb in the event that + noun subject to with without +noun in case of in the event of
