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Topic: Contracts/Contract negotiations 2

Deigned to help you practice vocabulary relating to signing/ negotiating contracts. Although this quiz is meant for ESL students, it'll be useful to anyone who wants to practice this specialized vocabulary.

Choose the correct response for each of the sentences.

1. Almost any part of a contract can become a __________________________ of negotiation ( = can be negotiated).
  point
  thing
  success

2. The most successful negotiators are the ones who are __________________________ for a negotiation.
  mostly prepared
  most prepared
  a lot of preparation

3. We just want to make sure that this is __________________________ to both of us.
  advantage
  advantages
  advantageous

4. We have to __________________________ ( = define) who is responsible for covering shipping costs.
  stipulate
  stimulate
  simulate

5. Every business relationship requires a little __________________________.
  take-and-give
  to-give-to-take
  give-and-take

6. Because of my limited work experience, I didn't have a lot of __________________________ power ( = I couldn't ask for too much) during the salary negotiations.
  bargain
  bargaining
  bartering

7. That is not something I'm __________________________ to negotiate.
  willing
  wanting
  desiring

8. Let's __________________________ ( = think of/ define) a figure that will be acceptable to both of us.
  come out with
  come up with
  get in with

9. We have made a lot of __________________________ already. ( = we have already accepted many of your terms)
  consent
  concessions
  connections

10. To meet someone "__________________________" means to make a compromise with someone. ex. We're willing to meet you __________________________ on this point.
  half-road
  half-heartedly
  half-way

(Your answers will be displayed in a new window)

VOCABULARY REVIEW: Negotiating a contract

Need to review some contract-related vocabulary before you negotiate? We've got you covered!

Breach of contract
Meaning:
Failure to follow the terms of the contract.
Why it matters:
A breach can lead to legal action or penalties.
Example:
“Missing the deadline may be considered a breach of contract.”

Termination
Meaning:
The act of ending a contract.
Why it matters:
Contracts often explain when and how termination is allowed.
Example:
“Either party may request termination with 30 days' notice.”

Compensation
Meaning:
Money or benefits given for work done or for a loss.
Why it matters:
Negotiations often focus on compensation, such as salary or fees.
Example:
“The compensation includes a base salary and bonuses.”

Confidentiality
Meaning:
The duty to keep information private.
Why it matters:
Many contracts include confidentiality clauses to protect sensitive information.
Example:
“Employees must maintain confidentiality about company data.”

Counteroffer
Meaning:
A new offer made in response to an original offer, with changes.
Why it matters:
Negotiations often involve several counteroffers before agreement.
Example:
“We made a counteroffer with a lower price and longer timeline.”

MATERIALS TO HELP YOU LEARN (AND TEACH!):
BUSINESS ENGLISH GLOSSARY
BUSINESS ENGLISH WORKSHEET COLLECTION

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