Preamble / Recitals

Read the following  Preamble / Recitals section of a contract, then select the correct option from the list to complete (1) ….. to (10) ….. .

PREAMBLE / RECITALS

WHEREAS, Party A is ___1___  in the business of language coaching, and ___2___ expertise, experience, and resources necessary to develop the language, presentation and negotiation skills of Party B;

WHEREAS, Party B  ___3___ to leverage the expertise, experience, and resources of Party A to develop their language, presentation and negotiation skills;

WHEREAS, the Parties ___4___ that a successful ___5___ requires a clear delineation of rights, obligations, and expectations with respect to the steady improvement of said skills of Party A;

WHEREAS, the Parties have engaged in good faith negotiations to establish a ___6___ within which they can cooperate to achieve their mutual objectives, while ___7___ their respective interests, and ensuring ___8___ with all applicable laws and regulations;

WHEREAS, each Party has independently determined that entering into this Agreement is in its best interest, and has obtained all necessary approvals, consents, and authorizations to do so;

NOW, THEREFORE, in ___9___ of the mutual promises, covenants, and undertakings set forth herein, and for other good and valuable consideration, the receipt and ___10___ of which are hereby acknowledged, the Parties hereto agree as follows:

Now, press the START button to select the correct option from the list to complete (1) ….. to (10) ….. .