Podcast
Questions and Answers
Include specific dates for the delivery of parts of the service or the final ______ for the service to be complete.
Include specific dates for the delivery of parts of the service or the final ______ for the service to be complete.
deadline
Write a termination ______ that explains the steps that one or both parties need to take in order to terminate the contract.
Write a termination ______ that explains the steps that one or both parties need to take in order to terminate the contract.
clause
Write a dispute ______ to establish the handling of a dispute between the two parties.
Write a dispute ______ to establish the handling of a dispute between the two parties.
clause
Establish ownership rights to the ______.
Establish ownership rights to the ______.
Add signature and ______ lines. Be sure to provide a space for each party to sign and date.
Add signature and ______ lines. Be sure to provide a space for each party to sign and date.
Confirm agreements in ______.
Confirm agreements in ______.
Give customers what they are ______ to
Give customers what they are ______ to
Maintain ______
Maintain ______
THIS DOCUMENT IS THE ______ OF BPI CENTURY TOKYO
THIS DOCUMENT IS THE ______ OF BPI CENTURY TOKYO
Conduct Negotiations ______ and professional manner
Conduct Negotiations ______ and professional manner
Negotiation is a process in which two or more ______ confront a problem
Negotiation is a process in which two or more ______ confront a problem
Arrive at a solution which best meets the ______ of all of them
Arrive at a solution which best meets the ______ of all of them
Write or type up the ______ on the agreement to establish an effective date.
Write or type up the ______ on the agreement to establish an effective date.
Describe your ______, including the service you must perform to fulfill your obligations under the contract.
Describe your ______, including the service you must perform to fulfill your obligations under the contract.
List the ______ involved in the agreement, using full business or individual names and titles.
List the ______ involved in the agreement, using full business or individual names and titles.
This document is the ______ of BPI Century Tokyo.
This document is the ______ of BPI Century Tokyo.
Spell out a ______ or milestones.
Spell out a ______ or milestones.
Include a ______ clause in the agreement.
Include a ______ clause in the agreement.
Study Notes
Contract Basics
- Include specific dates for the delivery of parts or completion of service.
- Write a termination clause detailing necessary steps for contract termination by either party.
- Create a dispute resolution process to handle issues between parties.
Ownership and Signatures
- Establish clear ownership rights regarding the service or product involved.
- Include signature and date lines for each party involved.
- Provide space for each party to sign and date the agreement.
Confirmations and Customer Rights
- Confirm agreements in writing to ensure clarity.
- Ensure customers receive what they are entitled to as per the contract.
- Maintain a record of commitments made.
Documentation and Negotiation
- This document serves as the official record of BPI Century Tokyo.
- Conduct negotiations in a respectful and professional manner.
- Negotiation involves parties coming together to solve a problem.
Solutions and Agreements
- Aim to reach a solution that best meets the needs of all parties involved.
- Draft the agreement with an effective date clearly stated.
- Describe obligations, detailing the services to be performed under the contract.
Naming and Milestones
- List all parties involved in the agreement using full names and titles.
- Spell out deliverables or milestones to ensure understanding of expectations.
- Include a severability clause in the agreement for legal clarity.
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Description
Test your knowledge on drafting contract clauses such as termination, delivery dates, dispute resolution, and ownership rights. Practice identifying the correct steps and language to use in a contract.
