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  • Group 15 - Game - Review Questions

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    K59 Pham Nguyen An
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    The document discusses the key steps and considerations in establishing a legal framework for contracts, including determining the applicable law, ensuring the agreement is complete, considering the parties and circumstances for termination, and establishing dispute resolution. It emphasizes that a contract is an enforceable legal instrument, and disputes should be addressed before issues arise. The parties should carefully negotiate each aspect of the legal framework.

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    GROUP 15 _ GAME - REVIEW QUESTIONS

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    The document discusses the key steps and considerations in establishing a legal framework for contracts, including determining the applicable law, ensuring the agreement is complete, considering the parties and circumstances for termination, and establishing dispute resolution. It emphasizes that a contract is an enforceable legal instrument, and disputes should be addressed before issues arise. The parties should carefully negotiate each aspect of the legal framework.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Group 15 - Game - Review Questions

    Uploaded by

    K59 Pham Nguyen An
    The document discusses the key steps and considerations in establishing a legal framework for contracts, including determining the applicable law, ensuring the agreement is complete, considering the parties and circumstances for termination, and establishing dispute resolution. It emphasizes that a contract is an enforceable legal instrument, and disputes should be addressed before issues arise. The parties should carefully negotiate each aspect of the legal framework.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. Exporters often prioritize sales in their contracts.

    True
    False

    2. Fill in the blank: A contract is not just a list of ideas agreed upon, but rather an
    ____________ legal instrument.
    enforceable

    3. The legal dimensions of the contract can be safely ignored by the parties.
    Yes
    No

    4. Fill in the blank: Step 1 of the legal framework negotiation involves determining the
    ____________ law for the contract.
    Applicable

    5. The parties should ensure that the document they are signing is a complete and entire
    agreement.
    Yes
    No

    6. Fill in the blank: Step 4 focuses on the ____________ involved in the contract.
    Parties

    7. Good relations during contract negotiation guarantee smooth execution throughout the
    contract's lifetime
    True
    False

    8. Fill in the blank: Step 5 of the legal framework negotiation involves considering the
    circumstances under which the parties may wish to ____________ the agreement.
    terminate

    9. It is not necessary to establish a means of settling disputes before they arise.


    True
    False

    10. Fill in the blank: The legal framework negotiation involves a total of ____________
    steps.
    Six

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