Contract Completion
/ˈkɒntrækt kəmˈpliːʃən/
Definitions
- (n.) The stage at which all obligations under a contract have been fulfilled by the parties involved.
The project reached contract completion after the final inspection was approved.
- (n.) The formal documentation or certification signifying the finalization of all contractual duties.
Contract completion was confirmed with the signing of the acceptance certificate.
Forms
- contract completion
Related terms
See also
Commentary
Often used in construction and project management contracts to indicate the official end of performance obligations; precise language is important to differentiate from 'contract execution' which means signing, not fulfillment.
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.