Benchmarks
/ˈbɛn(t)ʃˌmɑːrks/
Definitions
- (n.) Standards or points of reference by which something may be measured or judged, often used in legal compliance, contract performance, or intellectual property valuation.
The contract set clear benchmarks for project completion to ensure compliance.
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Commentary
In legal drafting, clearly defining benchmarks ensures measurable obligations and facilitates enforcement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.