Contract law: a sale and purchase agreement (SPA) (1)

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This authentic example of a sale and purchase agreement trains and tests your ability to understand the language of contract. Do you know what each of the terms mean?

Contract Law

Contract formation
Contract law: contract formation (1)
Contract law: contract formation (2)
Contract law: contract formation (3)
Contract law: contract formation (4)
Contract clauses
Contract law: contract clauses (1)
Contract law: contract clauses (2)
Contract law: contract clauses (3)
Contract law: contract clauses (4)
Contract law: contract clauses (5)
Phrasebank
Contract law: word partnerships
Introduction to contract law 1: vocabulary in use (1)
Introduction to contract law 1: vocabulary in use (2)
Listening: Beware of the boilerplate
Contract law: boilerplate contracts (1)
Contract law: boilerplate contracts (2)
Defences to contract formation
Contract law: defences to contract formation (1)
Contract law: defences to contract formation (2)
Contract law: defences to contract formation (3)
Phrasebank
Defences to contract formation: word partnerships (1)
Defences to contract formation: word partnerships (2)
Defences to contract formation: vocabulary in use
Consideration
Contract law: consideration (1)
Contract law: consideration (2)
Contract law: consideration (3)
Contract law: consideration (4)
Listening: A lawyer-client interview
Contract law: ending a contract and avoiding performance (1)
Contract law: ending a contract and avoiding performance (2)
Contract law: basic terms
Introduction to remedies
An introduction to contractual remedies (1)
An introduction to contractual remedies (2)
An introduction to contractual remedies (3)
An introduction to contractual remedies (4)
Types of damages
Types of damages (1)
Types of damages (2)
Synonyms in contract law: vocabulary check
A liquidated damages clause
A liquidated damages clause (1)
A liquidated damages clause: synonyms
A liquidated damages clause: vocabulary in use
Drafting a liquidated damages clause
Listening: Equity
The different meanings of equity (1)
The different meanings of equity (2)
Equitable remedies
Equitable remedies (1)
Equitable remedies (2)
Equitable remedies (3)
Equitable remedies: opposites
Equitable remedies: injunctions
Bases for refusing equitable relief
Reasons for refusing equitable relief (1)
Reasons for refusing equitable relief (2)
Reasons for refusing equitable relief (3)
Limitation of liability
A limitation of liability clause (1)
A limitation of liability clause (2)
Listening: Injunctive relief
Injunctive relief (1)
Injunctive relief (2)
Injunctive relief (3)
Injunctive relief (4)
Covenants not to compete
Covenants not to compete
Covenants not to compete: vocabulary in use
Covenants not to compete: vocabulary check
Covenants not to compete: prepositions
Enforceability
Enforceability of non-competition agreements
Enforceability: Employment contracts under English Law
Employment contracts under English law (1)
Employment contracts under English law (2)
Trade secrets, confidential information and know-how
Trade secrets, confidential information and know-how (1)
Trade secrets, confidential information and know-how (2)
Trade secrets, confidential information and know-how: vocabulary in use
Trade secrets, confidential information and know-how: drafting
Listening: A lawyer-client interview
A lawyer-client interview (1）
A lawyer-client interview (2)
A lawyer-client interview (3)
Guarantees and indemnities
Guarantees and indemnities (1)
Guarantees and indemnities (2)
Guarantees and indemnities (3)
Guarantees and indemnities (4)
Guarantees and indemnities (5)
Representations and warranties
Representations and warranties (1)
Representations and warranties (2)
Representations and warranties (3)
Terms in context: a sale and purchase agreement (SPA)
A sale and purchase agreement (SPA): warranties (1)
A sale and purchase agreement (SPA): warranties (2)
A sale and purchase agreement (SPA): warranties (3)
Listening: A discussion between a partner and a junior associate
A discussion between a partner and a junior associate (1)
A discussion between a partner and a junior associate (2)
A discussion between a partner and a junior associate (3)
Contracts and third parties
Contracts and third parties (4)
Contracts and third parties (1)
Contracts and third parties (2)
Contracts and third parties (3)
Contracts and third parties (5)
Drafting contracts
Avoiding assignments (1)
Avoiding assignments (2)
Discharge from a duty to perform
Novation (2)
Discharge from a duty to perform (2)
Discharge from a duty to perform (1)
Novation (1)
Listening: A discussion between two lawyers
Assignment and third party rights: a discussion between two lawyers (1)
Assignment and third party rights: a discussion between two lawyers (2)
Assignment and third party rights: a discussion between two lawyers (3)
Conditions precedent and conditions subsequent
Conditions precedent and conditions subsequent (1)
Conditions precedent and conditions subsequent (2)
Conditions precedent and conditions subsequent (3)
Conditions precedent and conditions subsequent (4)
A sale and purchase agreement (SPA)
Contract law: a sale and purchase agreement (SPA) (1)
Contract law: a sale and purchase agreement (SPA) (2)
Contract law: a sale and purchase agreement (SPA) (3)
A sale and purchase agreement (SPA): Best efforts or reasonable endeavours?
Best efforts or reasonable endeavours?
Commonly confused contract terms
Commonly confused contract terms (1)
Commonly confused contract terms: Drafting supplements to legal documents
Drafting supplements to legal documents (1)
Drafting supplements to legal documents (2)
The parol evidence rule
The parol evidence rule (1)
The parol evidence rule (2)
The parol evidence rule (3)
The parol evidence rule (4)
The parol evidence rule: Phrasebank
The parol evidence rule: odd one out
The parol evidence rule: vocabulary in use
Terms in context
The entire agreement clause (1)
The entire agreement clause (2)
The entire agreement clause (3)
Implied terms
Implied terms (1)
Implied terms (2)
Implied terms (3)
Non-performance: impossibility and frustration
Contract law: impossibility and frustration (1)
Contract law: impossibility and frustration (2)
Contract law: impossibility and frustration (3)
Non-performance - Substantial performance
Contract law: substantial performance (1)
Contract law: substantial performance (2)
Performance: Extract from the US Uniform Commercial Code
Contract performance: an extract from the US Uniform Commercial Code (UCC) (1)
Contract performance: an extract from the US Uniform Commercial Code (UCC) (2)
Contract performance: an extract from the US Uniform Commercial Code (UCC) (3)
Force majeure
Contract law: force majeure (1)
Contract law: force majeure (2)
Contract law: force majeure (3)
Listening: Selecting the best forum for your client
Selecting the best forum for your client (1)
Selecting the best forum for your client (2)
Standard forms
The language of standard form contracts (1)
The language of standard form contracts (2)
The language of standard form contracts (3)
The language of standard form contracts (4)
Invitations to treat
Contract law: invitations to treat (1)
A mandatory binding arbitration clause
A binding arbitration clause (1)
A binding arbitration clause (2)
Battle of the forms
Contract law: battle of the forms (1)
Contract law: battle of the forms (2)
Contract law: battle of the forms (3)
Types of contracts
Types of contract (1)
Types of contract (2)
Terminology for ending contracts
Terminology for ending contracts (1)
Terminology for ending contracts (2)
Terminology for ending contracts (3)
Terminology for ending contracts (4)
Terms in context: termination
A termination clause (1)
A termination clause (2)
A termination clause (3)
A termination clause (4)
Drafting termination letters
Drafting termination letters (1)
Drafting termination letters (2)
Listening: A lawyer-client interview
Remedies: a lawyer-client interview (1)
Remedies: a lawyer-client interview (2)
Remedies: extracts from a contract
Governing law and principles
Public procurement: governing law and principles (1)
Public procurement: governing law and principles (2)
Public procurement: governing law and principles (3)
Public procurement: governing law and principles (4)
The bidding process
Public procurement: the bidding process
Public procurement: An extract from an EU directive
Public procurement: an extract from an EU directive (1)
Public procurement: an extract from an EU directive (2)
Public procurement: an extract from an EU directive (3)
Listening: A discussion between two lawyers
Listening: Public procurement (1)
Listening: Public procurement (2)
Public procurement: prepositions
Rules for interpreting contracts
Rules for interpreting contracts (1)
Rules for interpreting contracts (2)
Rules for interpreting contracts (3)
Rules for interpreting contracts (4)
Words to avoid when drafting contracts
Words to avoid when drafting contracts
Words that don’t belong in a contract
Interpreting a severability clause
Interpreting a severability clause (1)
Interpreting a severability clause (2)
Interpreting a severability clause (3)
Interpreting a severability clause (4)
Listening: A lawyer-client interview
Contract interpretation: a lawyer-client interview (1)
Contract interpretation: a lawyer-client interview (2)
Contract interpretation: a lawyer-client interview (3)
Definition of a licence
Licence agreements
Licence agreements: vocabulary check
Types of licences
Licence agreements: types of licences (1)
Licence agreements: types of licences (2)
Licence agreements: types of licences (3)
Negotiating royalties
Licence agreements: negotiating royalties (1)
Licence agreements: negotiating royalties (2)
Licence agreements: negotiating royalties (3)
The language of licence agreements
Excerpts from a licence agreement (1)
Excerpts from a licence agreement (2)
Excerpts from a licence agreement (3)
Excerpts from a licence agreement (4)
Final Examination
Final Examination: Contract Law: vocabulary in use
Final Examination: Contract Law: definitions
Final Examination: Contract Law: true or false?
Final Examination: Contract Law: key vocabulary

Contract law: a sale and purchase agreement (SPA) (1)

Contract formation

Contract clauses

Phrasebank

Listening: Beware of the boilerplate

Defences to contract formation

Phrasebank

Consideration

Listening: A lawyer-client interview

Introduction to remedies

Types of damages

A liquidated damages clause

Listening: Equity

Equitable remedies

Bases for refusing equitable relief

Limitation of liability

Listening: Injunctive relief

Covenants not to compete

Enforceability

Enforceability: Employment contracts under English Law

Trade secrets, confidential information and know-how

Listening: A lawyer-client interview

Guarantees and indemnities

Representations and warranties

Terms in context: a sale and purchase agreement (SPA)

Listening: A discussion between a partner and a junior associate

Contracts and third parties

Drafting contracts

Discharge from a duty to perform

Listening: A discussion between two lawyers

Conditions precedent and conditions subsequent

A sale and purchase agreement (SPA)

A sale and purchase agreement (SPA): Best efforts or reasonable endeavours?

Commonly confused contract terms

Commonly confused contract terms: Drafting supplements to legal documents

The parol evidence rule

The parol evidence rule: Phrasebank

Terms in context

Implied terms

Non-performance: impossibility and frustration

Non-performance - Substantial performance

Performance: Extract from the US Uniform Commercial Code

Force majeure

Listening: Selecting the best forum for your client

Standard forms

Invitations to treat

A mandatory binding arbitration clause

Battle of the forms

Types of contracts

Terminology for ending contracts

Terms in context: termination

Drafting termination letters

Listening: A lawyer-client interview

Governing law and principles

The bidding process

Public procurement: An extract from an EU directive

Listening: A discussion between two lawyers

Rules for interpreting contracts

Words to avoid when drafting contracts

Interpreting a severability clause

Listening: A lawyer-client interview

Definition of a licence

Types of licences

Negotiating royalties

The language of licence agreements

Final Examination