Parts of some contracts Crossword Clue

 The answer to the crossword clue "Parts of some contracts" is PARTIES.

A contract is a legally binding agreement between two or more parties. The parties to a contract are the individuals or entities that are involved in the agreement and are legally bound by its terms.

Here are some examples of parties to a contract:

Buyer and seller in a sales contract

Landlord and tenant in a lease contract

Employer and employee in an employment contract

Borrower and lender in a loan agreement

Manufacturer and distributor in a distribution agreement

Parties to a contract are typically identified in the preamble of the contract. The preamble is the introductory section of the contract that states the names and addresses of the parties, as well as the date on which the contract was entered into.

The parties to a contract have certain rights and obligations under the contract. For example, the buyer in a sales contract has the right to receive the goods or services that were purchased, and the seller has the obligation to deliver the goods or services. The landlord in a lease contract has the right to receive rent from the tenant, and the tenant has the obligation to pay rent to the landlord.

If a party to a contract breaches the contract, the other party may have legal remedies, such as the right to sue for damages.