Английский язык. Юлаева С.С. - 76 стр.

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Part IV
Unit I
English
Business Documents
I. Read and translate the following text.
CONTRACTS AND THEIR PERFOMANCE
A contract is a business agreement on work to be done, rates to be paid,
goods to be sold or bought. It is also a document embodying such an agreement.
Contracts are concluded either between companies in one and the same
country, or internationally, i.e. between organizations of different countries. In
this book, naturally, the latter' type of contracts is considered. Every
international contract has several standard parts which are obligatory.
Most
frequently these necessary parts of the contract include the following:
— legal addresses of the contracting parties,
— the subject matter of the contract, i.e., what this business agreement is
about; usually this also includes the total amount of money involved and the
denomination of goods bought or sold under the provision of this contract (or
the type of service agreed upon),
— a more detailed description of goods: their price, quality and quantity,
packing and marking, etc.,
— the terms of delivery (the most usual ones being F.O.B.,
F.O.R.,C.I.F.,C.&F.,F.I.O.S., F.O.
— the length of duration of the contract, i.e. over what span of time
the obligations arising out if it are valid,
— the terms and procedure of payment, banking details,
— arbitration,
— claims and their settlement,
— guarantee period (if any),
— other conditions.
All contracts consist of clauses, which are numbered, and sometimes of
subclauses, and even of sub-subclauses as well. In the negotiations or
correspondence one can refer to the specific clause and subclause, e.g.
"according to the clause 7.5. of the contract number ... ", or "as specified by
clause 5.4.3. of the present contract ... ".
It quite often occurs that the
performance of the contracts is not altogether
smooth, and that, one of' the parties to the contract believes that the other party
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