Contract Price
/ˈkɒntrækt praɪs/
Definitions
- (n.) The amount agreed upon by parties as the payment for goods or services under a contract.
The contract price must be clearly stated to avoid disputes.
Forms
- contract price
- contract prices
Related terms
See also
Commentary
Ensure the contract price is unambiguous and details any conditions affecting payment to prevent future litigation.
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.