Vocabulary【Contract Types】
employment contract
An employment contract is between an employee and an employer.
It contains an employee's job responsibilities, salary, and working hours.
sales contract
A sales contract is an exchange of goods or services between a buyer and a seller.
It transfers the ownership of goods from one party to another and states the amount paid for it.
licensing agreement
A licensing agreement involves the use of intellectual property, such as a song or logo.
By licensing something, a company can earn money from it without giving up legal ownership of it.
A brand may license its logo to another company in exchange for a fee and a percentage of its profits.
licensing agreement: 許可協(xié)議
license: 發(fā)許可證
non-disclosure agreement (NDA)
A non-disclosure agreement prevents a party from sharing confidential information.
An NDA is often signed when one party has access to another's technology or business practices.
property lease agreement
A property lease agreement allows one party to rent property from another.
It is between a landlord, who owns the property, and a tenant, who rents it.
It includes duration of the lease and rental payments.
tenant: 租戶
Question
- What kind of contract details an exchange of goods?
> a sales contract - She signed an employment contract with a new company.
- If an employee violates the terms of their contract, they may be fired.
- A sales contract describes the goods being sold, including their weight, color and size.
- A sales contract is drafted by a seller after they have received an order to purchase their goods.
- Sometimes employees are required to sign an NDA if they have access to sensitive information.
- A property lease agreement details what a tenant must pay if something breaks.
- Property lease agreements require tenants to pay for any damages they make to the property during their lease.
detail: 詳述
