Contract Classification
/ˈkɒn.trækt ˌklæs.ɪ.fɪˈkeɪ.ʃən/
Definitions
- (n.) The systematic categorization of contracts according to their characteristics, purpose, or formation to facilitate understanding and application of law.
Contract classification helps courts determine the applicable legal principles for different types of agreements.
Forms
- contract classification
- contract classifications
Related terms
See also
Commentary
Contract classification aids legal analysis by grouping contracts, which can influence interpretation, enforceability, and remedy decisions.
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.