To ratify.
To ratify something means to officially agree to it.
Once both parties accept the terms of a contract, they need to ratify it.
By signing a contract, they are ratifying the agreement.
To lease
To lease means to allow someone to use something in exchange for money for a period of time.
When the lease is up, both parties will decide to renew it or let it expire.
An agreement is ratified after both parties signed the contract.
When a company runs office space, it is renewing it. It is purchasing it. It is leasing it.
When a company rents office space, it is leasing it.
The signature of each party is required to ratify the agreement.
They haven't ratified the agreement, so the contract isn't valid.
Now that the company is expanding, it has least 50 new trucks.
A business will sign a commercial lease when it decides to rent office space.
By signing a contract, they are ratifying the agreement.
Now that the company is expanding, it has least 50 new trucks.
In order to implement our contract, both parties must ratify the agreement by signing the contracts.
To terminate.
To terminate means to end or stop something.
If one party fails to perform their duties in a contract, the contract may be terminated.
When a contract is terminated, both parties will no longer need to fulfill the terms of the contract.
To comply.
To comply means to follow a rule or order.
Both parties must comply with the contract after they have signed it.
Breach of contract occurs when either party does not comply with the contract.
What could happen if a contract has been violated? A new contract will be drafted. The contract may be terminated. The contract can be ratified.
If one party fails to perform their duties in a contract, the contract may be terminated.
What must both parties do after they have signed a contract? They must ratify it. They will violate it. They must comply with it.
After both parties have signed the contract, they must comply with it.
To follow the terms and conditions of the contract.
To comply means to follow a rule or order.
To allow someone to read something.
To lease means to allow someone to rent something such as a vehicle or an apartment.
The contract was legally terminated before it took effect.
If a contract has been terminated because one party did not uphold its terms, the other party may receive compensation for their losses.
Determination was due to a breach in contract. So one party was eligible for compensation for their losses.
Failure to comply with the contract may result in legal action.
He said compensation over their failure to comply with the agreement.
To terminate means to end or stop something.
If a contract has been terminated because one party did not uphold its terms. The other party may receive compensation for their losses.
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