What does "Liability" stand for?

• A requirement or stipulation that must be satisfied for an agreement or contract to be valid or for a certain action to take place.

• Legal responsibility for something, usually damages or obligations

• A person or entity involved in a contract.

• Up to this time; until now.

What does "cancellation policy" stand for?

• Is a person, group, or organization that is legally involved in a contract. .

• A contract clause is a section of a contract that defines the rights, responsibilities, and obligations

• An act of breaking the terms set out in a contract

•  set of rules that outline the process for ending a service or subscription

What does "party" stand for?

• A contract clause is a section of a contract that defines the rights, responsibilities, and obligations

• Is a person, group, or organization that is legally involved in a contract

• An act of breaking the terms set out in a contract

• Are the rules that govern a legal agreement between a service provider and a user

What does "penalty" stand for?

• An agreement between two or more people

• money you must pay if you cancel.

• when two people say “yes” to a deal.

what does "Herein" stand for?

• To this document or to this matter. It is used in legal language to refer to an attachment or annexure to a document.

• In or into this document, place, or context. Often used in legal or formal writing to refer to content within the same text.

  
  
  

• In the following part of a document or text

• It refers to a point in time before the present or before a specified event.

What does "Heretofore" stand for?

• Up to this time; until now.

• A person or entity involved in a contract

• To this document or to this matter.

• A duty or responsibility outlined in a contract.

What does Term Stand for?

• The period during which an agreement, contract, or lease is in effect;

• A legally binding agreement between two or more parties,

• A distinct section, provision, or stipulation in a legal document

• Service providers in the hospitality and tourism industry have a duty to ensure the safety and well-being of their guests

Match the following contract words definitions.

• party

• a person or group involved in a legal agreement or contract

• clause

• a formal written document that outlines the terms of an arrangement between parties

• term

• a word or phrase used to describe something, often with a specific meaning in a certain context.

• obligation

• a specific section in a legal document that details a particular point or condition

• contract

• a duty or responsibility to do something, usually because of a promise or law.

 

 

 

a mutual understanding between two or more people about what they will do

being legally responsible for something, especially if it causes harm or loss to someone else.