1. Legal English Unit 3
Types of contracts
Vocabulary

2. In this presentation you will see common types of contracts. before you look
at this presentation, draw a grid with the categories below. As you watch,
complete the grid. Then do p. 135-136 in your book.
Type of Translation Party A Party B Payment
contract
lease arrendamiento lessor lessee rent
agreement

3. Type of agreement Lease
between lessor and lessee
who pays rent

4. Type of agreement Agency
between principal and agent
who acts on
behalf of the
principal.
If he is selling
goods, he is
usually paid a commission

5. Type of agreement Mortgage
between mortgagee (bank)
and mortgagor
(borrower)
who must pay
the bank
interest and
principal

6. Type of agreement Licensing
between Licensor and
licensee
who must pay
royalties
The license
grants them a
right.

7. Type of agreement Distribution
between the company and the
distributor
who agrees to distribute the
company’s goods withing a
specified area called
“the territory”
He usually receives a
commission for his services.
______________

8. Examples of distribution
channels
Dell (Online computers)
Zara

9. Type of agreement Employment
between employer and
employees
who is paid
a salary

10. Type of agreement Sales
between seller and
purchaser

11. Type of agreement Loan
between Lender and
borrower
who must
pay
principal
and
interest

12. Type of agreement Franchise
between Franchisor and
franchisee
who must
pay royalties,
which grant the latter
the right to …
use the trademark,
know-how, etc.

13. Type of agreement Consulting
between Consultant and
client
who must
pay fees.

14. Type of agreement Consortium
between Participant 1 &
Participant 2
who agree to
collaborate on a project.

15. Type of agreement Stock purchase
between the company and
the investor
When stock is sold,ownership
is… transferred
from one party to another.