The following terms are commonly contained in the definitions section of numerous contracts. How would you define them? Use the vocabulary from previous lessons.
Read the following contractual provisions taken from various contracts. Give each clause its appropriate title (e.g. Termination Clause). Decide whether the statements below each clause are true or false. The last clause may be new to you.
- Title: ______
This Agreement constitutes the entire agreement of the parties relating to the subject matter addressed in this Agreement. This Agreement supersedes all prior communications, contracts, or agreements between the parties with respect to the subject matter addressed in this Agreement, whether oral or written.
TRUE or FALSE?
- This Agreement replaces all previous agreements between the parties.
- This Agreement includes only previous written agreements between the parties.
If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future law, then that…