Reading What You Agree To · seed 1 · A4, ink-friendly. The answer key prints on its own page for grown-ups.

Read the terms before you sign

Life Skills · Money & Finance · ages 15-16
Name ______________________   Date ____________

  1. Which four terms should you locate in any agreement?

    • Length, notice, renewal and exit cost
    • Colour, font, logo and layout
    • Name, address, date and signature

  2. What are you bound to when you sign an agreement?

    • What you assumed it meant
    • What the advert implied
    • Its written terms

  3. Cancelling a 24 month plan in month six is always free.

    Circle one:   True   False

  4. The terms let the firm raise the fee, though it feels unfair. What counts?

    • What the firm is entitled to do under the terms
    • What feels fair to you
    • What a friend thinks is fair

  5. A lease renews every month until one side gives notice. What kind is it?

    • A fixed-term lease
    • A lifetime purchase
    • A month-to-month lease

  6. Before signing a gym deal, which question best protects you?

    • What colour is the membership card
    • How long does it run and what does leaving early cost
    • How many friends already joined

  7. Two flats cost the same monthly. One is fixed for a year with an exit fee, one is monthly. You may move for work. Which fits?

    • The fixed year, since moving never happens
    • Either, since the monthly price matches
    • The monthly one, since leaving costs less

  8. Tom signs a plan, then learns it auto renews for a year. What was his error?

    • He checked the renewal term too late
    • He paid by card
    • He kept a copy of the deal
LightMySky · lightmysky.comW1-mt_HIrPCOAxYt-s1

Answer key

For grown-ups. Fold this page away before handing over the rest.

Read the terms before you sign W1-mt_HIrPCOAxYt-s1

  1. Length, notice, renewal and exit cost · Those four decide how long you are tied in and what leaving takes.
  2. Its written terms · The actual words decide what each side must do and may do.
  3. False · Leaving before the term ends can trigger an early termination fee.
  4. What the firm is entitled to do under the terms · Fair feelings do not override the written entitlement.
  5. A month-to-month lease · Self renewal with notice to end is the month-to-month pattern.
  6. How long does it run and what does leaving early cost · Length plus exit cost tells you the true weight of the promise.
  7. The monthly one, since leaving costs less · When plans may change, cheap exit beats a matching headline price.
  8. He checked the renewal term too late · Renewal is one of the four biting terms. Spotting it late locks him in.
Worksheet · LightMySky