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Unit 6 Contracts Lead-in Section 1 Getting Things Ready Section 1 Activity 1 Section 1 Activity 1 Section 1 Activity 1 Section 1 Activity 2 1. This contract takes effect on the date signed by both parties. 2. Either party may terminate this agreement by giving written notice to the other party. 3. This contract will automatically expire when the transaction ends. 4. It is our permanent principle that contracts are honoured and commercial integrity is maintained. 5. The period of validity of the agreement will be from the 1st day of September, 2008 to the 30th day of August, 2009. Section 1 Activity 2 6. Offer, acceptance and consideration are the three fundamental aspects of all common law contracts. 7. The contract can be revised, cancelled, or terminated with mutual consent. 8. Contracts can be oral, written, or implied by the parties’ actions. 9. This contract is signed in Guangzhou, in duplicate, this day of December 25th, 2010, in the Chinese and English languages. 10. All time limits stated in this Contract are of the essence. Section 1 Activity 3: Speak out Section 1 Activity 3: Speak out Task 2 Prepare a short speech to be presented in class by filling in the blanks with the information from the table above. A written contract assumes that all the terms of the agreement are contained in the written document regardless of what may have been orally agreed. When a contract is __________, it is assumed that all the terms have been read and agreed to. __________ rely on the good faith of all the parties and can be difficult to prove. However, oral agreements are generally just as binding (有约束力的) as __________. If the value of the transaction is not particularly high and if you are confident in the __________ of the other party, an oral agreement may prove to be more desirable. Contracts can be a combination of written and oral agreements when the __________ itself does not cover all the terms. Section 2 Things to Do Section
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