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Mariam In this lesson, you will translate a preamble of a contract and some articles. Good luck!
Whereas the Employee *** Christopher James with his registered address being ..........is an expert in the fields of ........
Whereas the Company desires to retain the expertise of *** Leatt for certain services related to the Business and described in more detail in Clause 5 of this Agreement (the "Services"), by retaining the Employee to provide the Services as defined in Clause 5 hereof to the Company.
NOW, THEREFORE, in consideration of the mutual benefits to be derived and the representations herein contained and intending to be legally binding the Parties hereby agree as follows:
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Article 2: Probationary Employees
(a.) An employee who has never accrued seniority under this Agreement, or an employee rehired after termination of seniority, shall be considered a probationary employee for 90 days from the date of hire. However, each employee’s performance will be assessed after 75 days to determine if the probationary period should be extended to 120 days. Written notice shall be given to the Company at the end of the probationary period.
(b.)The discipline, discharge or extension of an employee who is on probationary status is at the sole discretion of the Laboratory management
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Article 4: Quality
For the full duration of the agreement, the Seller guarantees that the quality of the product sold will conform to the guaranteed specifications as reported on “Annex A” which constitutes an integral part of this agreement.
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Article 5
After both parties sign and received the hard copies of contract, the seller’s bank shall notify the buyer’s bank that they are willing and ready to issue a non – operative 2% performance bond to buyer’s bank. The 2% PB will be placed in buyer’s bank account, should the seller fail to supply the cargo of the products, this 2% will be paid to the buyer and intermediaries accordingly as compensation.
Preamble
WHEREAS the Company is a consulting service provider for the biomedical, sporting apparel, hard- tech innovation with its registered address being ........Whereas the Employee *** Christopher James with his registered address being ..........is an expert in the fields of ........
Whereas the Company desires to retain the expertise of *** Leatt for certain services related to the Business and described in more detail in Clause 5 of this Agreement (the "Services"), by retaining the Employee to provide the Services as defined in Clause 5 hereof to the Company.
NOW, THEREFORE, in consideration of the mutual benefits to be derived and the representations herein contained and intending to be legally binding the Parties hereby agree as follows:
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Article 2: Probationary Employees
(a.) An employee who has never accrued seniority under this Agreement, or an employee rehired after termination of seniority, shall be considered a probationary employee for 90 days from the date of hire. However, each employee’s performance will be assessed after 75 days to determine if the probationary period should be extended to 120 days. Written notice shall be given to the Company at the end of the probationary period.
(b.)The discipline, discharge or extension of an employee who is on probationary status is at the sole discretion of the Laboratory management
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Article 4: Quality
For the full duration of the agreement, the Seller guarantees that the quality of the product sold will conform to the guaranteed specifications as reported on “Annex A” which constitutes an integral part of this agreement.
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Article 5
After both parties sign and received the hard copies of contract, the seller’s bank shall notify the buyer’s bank that they are willing and ready to issue a non – operative 2% performance bond to buyer’s bank. The 2% PB will be placed in buyer’s bank account, should the seller fail to supply the cargo of the products, this 2% will be paid to the buyer and intermediaries accordingly as compensation.
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