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term of a contract

 

Definitions from WordNet

Noun term of a contract has 1 sense
  1. lease, term of a contract - the period of time during which a contract conveying property to a person is in effect
    --1 is a kind of time period, period of time, period

Definitions from the Web

Term of a Contract

Definition:

The term of a contract refers to the period of time during which the contract is in effect, specifying when the rights and obligations outlined in the contract begin and end.

Examples:

Noun - Duration:

The term of a contract for the lease of the apartment is six months.

During the term of the contract, both parties are obligated to fulfill their respective responsibilities.

Noun - Condition:

The term of a contract states that the payment is due upon completion of the project.

The term of a contract stipulates that the goods must be delivered within 30 days.

Noun - Agreement:

The term of a contract between the two companies was negotiated and agreed upon last week.

After much discussion, the term of a contract was finally settled to everyone's satisfaction.

Adjective - Popular:

A "term of a contract" is a popular phrase used in legal documents to define the duration or condition of an agreement.

Understanding the various terms of a contract is crucial before entering into any business arrangement.

Adjective - Local:

In local jurisdictions, the term of a contract may be subject to specific laws and regulations.

It is important to consult a local attorney to ensure the terms of a contract comply with regional requirements.

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