Contract Flexibility
/ˈkɒn.trækt flɛksɪˈbɪləti/
Definitions
- (n.) The degree to which contractual terms allow for adaptation, modification, or renegotiation to accommodate changing circumstances or parties’ needs.
The contract flexibility clause enabled the parties to adjust delivery schedules in response to unforeseen delays.
Forms
- contract flexibility
Related terms
See also
Commentary
Contract flexibility is often drafted carefully to balance certainty and adaptability, preventing unintended loopholes while allowing practical adjustments.
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.