Contract Pricing
/ˈkɑntrækt ˈpraɪsɪŋ/
Definitions
- (n.) The method or process used to determine the price terms of a legally binding agreement between parties.
The contract pricing was carefully negotiated to reflect market conditions and cost factors.
- (n.) The agreed-upon price or pricing structure stipulated within a contract for goods or services.
The contract pricing set forth a fixed fee for all deliverables outlined in the agreement.
Related terms
See also
Commentary
Contract pricing must clearly define pricing terms to avoid disputes; ambiguities can lead to litigation over payment obligations.
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.