James and Sarah discuss a contract. They summarize key points and clear up a misunderstanding. They want to agree on the terms before signing.
Vocabulary:
Contract: A legal agreement between people or groups.
Deadline: The date or time by which something must be done.
Penalty: A punishment for breaking a rule or law.
Misunderstanding: A failure to understand something correctly.
Terms: The conditions or rules in an agreement.
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