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→‎Business Negotiations and Contracts: giving headings some description and uniforming the heading levels
(→‎Business Negotiations and Contracts: giving headings some description and uniforming the heading levels)
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= Business Negotiations and Contracts =
= Business Negotiations and Contracts =
== Business Negotiations and Contracts - Lesson 1 ==
== Business Negotiations and Contracts - Lesson 1 - About forming contracts ==
=== Business Negotiations and Contracts - About forming contracts ===
 
In '''[[w:common law|common law]]''' ( [[w:fi:tapaoikeus]] ) legal systems, a '''[[w:contract|contract]]''' is an agreement having a lawful object entered into voluntarily by two or more [[w:party (law)|parties]], each of whom intends to create one or more legal obligations between them.  
In '''[[w:common law|common law]]''' ( [[w:fi:tapaoikeus]] ) legal systems, a '''[[w:contract|contract]]''' is an agreement having a lawful object entered into voluntarily by two or more [[w:party (law)|parties]], each of whom intends to create one or more legal obligations between them.  
::The elements of a contract are "offer" and "acceptance" by "competent persons" having [[w:legal capacity|legal capacity]] who exchange '''[[w:consideration|consideration]]''' to create "mutuality of obligation." ( Wikipedia )
::The elements of a contract are "offer" and "acceptance" by "competent persons" having [[w:legal capacity|legal capacity]] who exchange '''[[w:consideration|consideration]]''' to create "mutuality of obligation." ( Wikipedia )
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* An '''[[w:unenforceable|unenforceable]]''' contract or transaction is one that is valid, but which the court will not enforce. ( Wikipedia )
* An '''[[w:unenforceable|unenforceable]]''' contract or transaction is one that is valid, but which the court will not enforce. ( Wikipedia )
=== Business Negotiations and Contracts - Terminology / vocabulary ===


* '''covenant''' == an agreement w/a specific promise to do or not to do something
::: non-competition covenant
* '''whereas''' == in contrast
* injunction == obligation
* '''breach''' == to break a boundary, to violate, to not fulfill
* '''rescind''' cancel w/ effect of being the same position as before signing the contract
* '''unwarranted''' == uncalled for, unjustified
* '''contention''' == disagreement
::: contentious ( adj. )
* '''efficacious''' == effective
''Counter offer is interpreted as rejection of offer.''
* an offer => offeror - offeree
* a lease => lessor - lessee
* '''statute''' == law/rule


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== Business Negotiations and Contracts - Lesson 3 ==
== Business Negotiations and Contracts - Lesson 3 - Breach of contract ==


'''[[w:Breach of contract|Breach of contract]]''' ( [[w:fi:sopimusrikkomus]] tai sopimusrikko ) is a [[w:legal|legal]] [[w:cause of action|cause of action]] in which a [[w:binding agreement|binding agreement]] or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. ( Wikipedia )
'''[[w:Breach of contract|Breach of contract]]''' ( [[w:fi:sopimusrikkomus]] tai sopimusrikko ) is a [[w:legal|legal]] [[w:cause of action|cause of action]] in which a [[w:binding agreement|binding agreement]] or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance. ( Wikipedia )
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# [[w:Delivery (commerce)|Delivery]] by [[w:common carrier|common carrier]] other then [[w:sales|seller]] ( loss of risk is transferred to buyer when delivery is completed as agreed in the contract ) ( Teacher )
# [[w:Delivery (commerce)|Delivery]] by [[w:common carrier|common carrier]] other then [[w:sales|seller]] ( loss of risk is transferred to buyer when delivery is completed as agreed in the contract ) ( Teacher )


== Business Negotiations and Contracts - Confidentiality ==
== Business Negotiations and Contracts - Lesson 4.5 - Confidentiality ==


* '''[[w:Confidentiality|Confidentiality]]''' ( [[w:fi:Vaitiolovelvollisuus]] ) is a set of rules or a promise that limits access or places restrictions on certain types of information. ( Wikipedia )
* '''[[w:Confidentiality|Confidentiality]]''' ( [[w:fi:Vaitiolovelvollisuus]] ) is a set of rules or a promise that limits access or places restrictions on certain types of information. ( Wikipedia )
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== Business Negotiations and Contracts - Lesson 5 ==
== Business Negotiations and Contracts - Lesson 5 - Damages ==


* '''remedy''' == '''[[w:Financial compensation|compensation]]''' == '''[[w:damages|damages]]''' ( [[w:fi:vahingonkorvaus]] )
* '''remedy''' == '''[[w:Financial compensation|compensation]]''' == '''[[w:damages|damages]]''' ( [[w:fi:vahingonkorvaus]] )
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== Business Negotiations and Contracts - Lesson 6 ==
== Business Negotiations and Contracts - Lesson 6 - Power of attorney ==


A '''[[w:power of attorney|power of attorney]]''' ('''POA''') or '''letter of attorney''' ( [[w:fi:valtakirja]], valtuutus ) is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other's. ( Wikipedia )
A '''[[w:power of attorney|power of attorney]]''' ('''POA''') or '''letter of attorney''' ( [[w:fi:valtakirja]], valtuutus ) is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other's. ( Wikipedia )


== Business Negotiations and Contracts - Terminology / vocabulary ==
* '''covenant''' == an agreement w/a specific promise to do or not to do something
::: non-competition covenant
* '''whereas''' == in contrast
* injunction == obligation
* '''breach''' == to break a boundary, to violate, to not fulfill
* '''rescind''' cancel w/ effect of being the same position as before signing the contract
* '''unwarranted''' == uncalled for, unjustified
* '''contention''' == disagreement
::: contentious ( adj. )
* '''efficacious''' == effective
* an offer => offeror - offeree
* a lease => lessor - lessee
* '''statute''' == law/rule
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