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WordNet-Online
Definitions from WordNet
Noun term of a contract has 1 sense
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Definitions from the WebTerm of a ContractDefinition: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. Related Products:Explore related products on Amazon: | ||||
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