Contract Drafting Quiz

Include specific dates for the delivery of parts of the service or the final ______ for the service to be complete.

Write a termination ______ that explains the steps that one or both parties need to take in order to terminate the contract.

Write a dispute ______ to establish the handling of a dispute between the two parties.

Establish ownership rights to the ______.

Add signature and ______ lines. Be sure to provide a space for each party to sign and date.

Confirm agreements in ______.

Give customers what they are ______ to

THIS DOCUMENT IS THE ______ OF BPI CENTURY TOKYO

Conduct Negotiations ______ and professional manner

Negotiation is a process in which two or more ______ confront a problem

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.

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.

This document is the ______ of BPI Century Tokyo.

Spell out a ______ or milestones.

Include a ______ clause in the agreement.

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.

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.