Contract Closure
/ˈkɒntrækt ˈkloʊʒər/
Definitions
- (n.) The formal process concluding a contract, ensuring all terms are fulfilled and documented.
The project team completed the contract closure to confirm all deliverables were accepted.
Forms
- contract closure
- contract closures
Related terms
See also
Commentary
Contract closure is distinct from contract termination; it involves formalizing completion rather than ending obligations prematurely.
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.