流利说商务英语Level5 Unit2 Part4 Key ElementsPartyA party is a person or team of people who are involved in a negotiation.When an agreement has been reached between both parties, a contract will be signed.If one party breaks the contract, they could be sued by a third-party beneficiary.TermsThe terms of the contract are the conditions that each party agrees to.By entering into a contract, both parties are legally obligated to meet its terms.If a party doesnt uphold the terms of a con