How Do You Spell PRECONTRACT?

Pronunciation: [pɹˌiːkəntɹˈakt] (IPA)

The spelling of the word "Precontract" is pronounced /priːˈkɒntrækt/. It is composed of the prefix "pre-", which means "before," and "contract," which means "a legally binding agreement." Combined, the word means "an agreement made before the final contract is signed." It is important to know the correct spelling of this word for legal documentation and communication. The IPA phonetic transcription helps us to understand the correct pronunciation of the word, which facilitates its use in everyday language.

PRECONTRACT Meaning and Definition

1. Precontract can be defined as a legal agreement or arrangement made prior to the execution of a formal contract or before the main contract is finalized. It is a preliminary agreement that outlines the terms and conditions under which the main contract is to be negotiated and entered into. This precontract serves as a framework, providing a foundation for the subsequent negotiation and formation of the final contract.

   A precontract typically includes essential elements such as the subject matter of the contract, the price or consideration involved, and any specific terms or conditions that the parties wish to include. It serves as a mutual understanding between the parties regarding their intention to enter into a formal contract, and acts as a starting point for further negotiations.

   Precontracts can be particularly useful in complex transactions or where the parties require more time to finalize the main contract. They provide a degree of certainty and security for the parties involved, while allowing them to negotiate and finalize the details before committing to a binding contract.

   It is important to note that a precontract is not the final contract itself. It is a preliminary agreement that outlines the parties' intentions and sets the groundwork for the subsequent contract. However, depending on the jurisdiction and the specific language used in the precontract, it may have legal implications and could be enforceable to a certain extent.

2. • A contract previous to another.

   • To contract or bargain beforehand.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for PRECONTRACT

• precontarct
• Precontrict
• Precontruct
• Preconctract

Etymology of PRECONTRACT

The term "precontract" is derived from the combination of two words: "pre-" meaning "before" and "contract".

The word "pre-" is a prefix of Latin origin, meaning "before" or "prior to". It is commonly used in English to indicate something that comes before or precedes another thing.

The word "contract" comes from the Latin verb "contractare", which means "to draw together" or "to make an agreement". It refers to a legally binding agreement between two or more parties, in which they agree to perform certain actions or exchange something of value.

Therefore, "precontract" refers to an agreement or contract made before a more substantial or final contract is established. It can be seen as a preliminary agreement or an initial step towards a more formal contract.

Conjugate verb Precontract

CONDITIONAL

I would precontract

you would precontract

he/she/it would precontract

we would precontract

they would precontract

CONDITIONAL CONTINUOUS

I would be precontracting

you would be precontracting

he/she/it would be precontracting

we would be precontracting

they would be precontracting

CONDITIONAL PERFECT

I would have precontract

you would have precontract

he/she/it would have precontract

we would have precontract

they would have precontract

CONDITIONAL PERFECT CONTINUOUS

I would have been precontracting

you would have been precontracting

he/she/it would have been precontracting

we would have been precontracting

they would have been precontracting

FUTURE

I will precontract

you will precontract

he/she/it will precontract

we will precontract

they will precontract

FUTURE CONTINUOUS

I will be precontracting

you will be precontracting

he/she/it will be precontracting

we will be precontracting

they will be precontracting

FUTURE PERFECT

I will have precontracted

you will have precontracted

he/she/it will have precontracted

we will have precontracted

they will have precontracted

FUTURE PERFECT CONTINUOUS

I will have been precontracting

you will have been precontracting

he/she/it will have been precontracting

we will have been precontracting

they will have been precontracting

IMPERATIVE

you precontract

we let´s precontract

NONFINITE VERB FORMS

to precontract

PAST

I precontracted

you precontracted

he/she/it precontracted

we precontracted

they precontracted

PAST CONTINUOUS

I was precontracting

you were precontracting

he/she/it was precontracting

we were precontracting

they were precontracting

PAST PARTICIPLE

precontracted

PAST PERFECT

I had precontracted

you had precontracted

he/she/it had precontracted

we had precontracted

they had precontracted

PAST PERFECT CONTINUOUS

I had been precontracting

you had been precontracting

he/she/it had been precontracting

we had been precontracting

they had been precontracting

PRESENT

I precontract

you precontract

he/she/it precontracts

we precontract

they precontract

PRESENT CONTINUOUS

I am precontracting

you are precontracting

he/she/it is precontracting

we are precontracting

they are precontracting

PRESENT PARTICIPLE

precontracting

PRESENT PERFECT

I have precontracted

you have precontracted

he/she/it has precontracted

we have precontracted

they have precontracted

PRESENT PERFECT CONTINUOUS

I have been precontracting

you have been precontracting

he/she/it has been precontracting

we have been precontracting

they have been precontracting