Contract Rights
/ˈkɒntrækt raɪts/
Definitions
- (n.) Legal entitlements or claims that a party holds under the terms of a valid contract.
The seller exercised her contract rights to demand payment upon delivery.
- (n.) The ability to enforce, transfer, or waive benefits specified within a contract.
Assignment of contract rights requires the consent of all involved parties.
Forms
- contract rights
- contract right
Related terms
See also
Commentary
Contract rights typically arise from the explicit or implied terms of an agreement and can vary depending on jurisdiction and contract type.
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.