Contractual Expense
/kənˈtræktʃuəl ɪkˈspɛns/
Definitions
- (n.) An expenditure legally obligated under the terms of a contract between parties.
The company was liable for all contractual expenses incurred during the construction project.
Forms
- contractual expense
- contractual expenses
Related terms
See also
Commentary
Typically used to specify costs arising specifically from contractual commitments, distinguishing them from incidental or unrelated expenses.
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.