Vocabulary --> General Business --> Contracts --> Word to learn

verb

agree

If both parties agree to the terms, we can finalize the contract.

noun

agreement

As soon as the labor agreement was signed, the factory resumed production of new cars and vans.

adjective

agreeable

The parties are agreeable to the terms.

 

verb

assure

I assure you that our drug-testing policy is applied fairly.

noun

assurance

What assurance is there that the company will still be in business?

adverb

assuredly

He spoke assuredly, but his follow-up memo showed less conviction.

 

verb

cancel

The man canceled his magazine subscription and got his money back.

noun

cancellation

Writers usually receive a cancellation fee even if their articles are not published.

adjective

canceled

The canceled concert ended up costing our agency millions.

 

verb

obligate

The terms of the contracts obligate us to work for at least one more month.

noun

obligation

The factory managers have a legal and moral obligation to provide a safe work site.

adjective

obligatory

He finished his obligatory military service, and then joined his father on the orange farm.

 

verb

provide

Since the machine is very reliable, why don't we cancel the service contract they provided?

noun

provider

We must negotiate a new contract with our Internet service provider.

noun

provision

The provision for canceling the contract is in the last clause.

 

verb

specify

The contract specifies the percentage of raise the workers will see next year.

noun

specification

The work was done according to our specifications.

adjective

specific

We have not chosen a specific location for the reunion.