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流利说商务英语Level5Unit2Part4KeyElementsPartyApartyisapersonorteamofpeoplewhoareinvolvedinanegotiation.Whenanagreementhasbeenreachedbetweenbothparties,acontractwillbesigned.Ifonepartybreaksthecontract,theycouldbesuedbyathird-partybeneficiary.TermsThetermsofthecontractaretheconditionsthateachpartyagreesto.Byenteringintoacontract,bothpartiesarelegallyobligatedtomeetitsterms.Ifapartydoesn'tupholdthetermsofacontract,thecontractwillbebrokenorbreached.Theyarebeingsuedforbreachingthetermsofthecontract.Acontractcannotbesignedifonepartypullsoutofit.Thetermsofthecontractstatetheobligationsandconditionsofeachparty.Themergerinvolvedhighleveltalksbetweenmultipleparties.OfferAnofferiswhatonepartywillgiveinexchangeforsomethingfromanotherparty.Whenonepartyproposesacontracttoanother,theyaremakinganoffer.Ifonepartydisagreeswithanoffer,theymaymakeacounteroffer.ConditionInacontract,aconditionisasituationthatmustoccurinorderforarequirementtobemet.Ifaconditionhasn'tbeenmetbyoneparty,theotherpartyisn'trequiredtoupholdthecontract.Theywereveryinterestedinhavingherjointhecompany,sotheymadeheragenerousoffer.Hethoughttheofferwastoolow,sohemadeahighercounter-offer.Shedidn'trespondtotheirofferbythedeadline,soitwasrevoked.IfpartyBfailstomeetthefollowingconditions,partyAreservetherighttoterminatetheagreement.Iftheyrejecttheoriginaloffer,theymaymakeacounteroffer.