Business Contract
/ˈbɪznɪs ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between two or more parties that outlines the terms and conditions related to a commercial transaction or relationship.
The business contract stipulated delivery deadlines and payment terms.
Forms
- business contract
- business contracts
Related terms
See also
Commentary
Business contracts must clearly specify obligations, rights, and remedies to avoid disputes and ensure enforceability.
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.