Fill in the blanks with the given words. period court ways clauses court case agreement parties sections A contract is an (1)____ reached between two parties. It is divided into (2)____ clauses, and conditions. The contract provides for any problem between the two (3)____. The conditions of the contract are binding on both parties. If one party does not abide by (comply with) the (4)____, this is calle a breach of contract. In the (5)____ of a dispute, many contracts provide for arbitration, but in some cases the dispute results in litigation. Most parties reach a compromise without going to (6)____, and the dispute is settled out of (7)____. Some contracts are for a fixed (8)____, or term; also, there are (9)____ in which the parties can end or terminate the contract.