Contract Provisions
/ˈkɑːnənɪkəl prəˈvɪʒənz/
Definitions
- (n.) Specific clauses or stipulations set forth within a contract that define the rights, duties, and obligations of the parties involved.
The contract provisions clearly outlined each party's responsibilities under the agreement.
Forms
- contract provision
Related terms
See also
Commentary
Contract provisions are essential to precisely allocate risk and obligations; drafting clarity in these clauses reduces litigation risk.
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.