1. What are the sections most of the commercial contracts begin with?

Names of the parties

Background to the contract
Defined terms
2. What does a background of a contract tell me?
This clause briefly describes the contract.
3. What does a defined terms section tell me?
This section provides the definition of the terms used in the contract.
4. What is a term of a contract mean?
It means the period of time for which the contract is valid
5. What does a termination clause tell?
The termination clause tells the employer and the employee what happens if the parties
want to end the contract before the agreed date of expiration.
6. What does expiration mean?
Expiration means end
7. What does confidentiality or non-disclosure clause deal with?
It deals with information that must remain secret.

1. What does to assign mean?

To assign means to transfer ownership
2. What do we call a person who assigns his IP rights?
The person who assigns his or her IP rights to a third party, is called an assignor.
3. What do we call a person who buys the IP rights?
The person or company who buys the IP rights is called the assignee
4. What is an encumbrance?
An encumbrance is the right that some third party has in the intellectual property
5. What does it mean to grant a licence?
This means to give someone a permission to yse your work but the ownership remains with
you.
6. What do we call a person who grants a licence?
A person who grants a license is called a licensor
7. What do we call a person who gets the license?
The person who is allowed to use the intellectual property is called the licensee
8. What does it mean to infringe IP rights?
To break the law concerning the IP rights is called an infringement.
9. What does it mean being in the public domain?
It means tha the public can find the work easily because the work in on the internet or
copies of it exist.

1. What is a force majeure clause in a contract?

A force majeure clause in a contract is a provision that states under what circumstances the
parties will be excused from fulfilling a contractual obligation.

2. What does excused mean?

Excused means the party is free of obligation.
3. What is supervening event?
Its something that is unexpected and unforeseeable.
4. What does unforeseeable mean?
Unforeseeable is event when neither party could have predicted or imagined
5. What are the examples of force majeure?
Things like failure,war,revolution,fire or earthquake.
6. What do we call act of god?
Event that is not connected to human activity
7. Wha do we say when we want to use force majeure clause to avoid being in breach of
contract?
We say that he or she relies the force majeure clause