The trade contract
Example: Trade contract defines terms for buying and selling goods internationally
Definition
"The trade contract" refers to a formal agreement between parties outlining the terms and conditions for buying and selling goods or services, especially in international commerce, ensuring clarity and legal protection for all involved in the transaction.
Etymology
The term "trade contract" combines 'trade,' derived from Old English 'træd' meaning a path or course of action, which evolved to mean commerce, and 'contract,' from Latin 'contractus,' meaning to draw together or agree. Together, they describe a legally binding agreement related to commercial exchange.
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"The trade contract" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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