Contractual Interest
/ˌkɒn.træk.tʃu.əl ˈɪn.trəst/
Definitions
- (n.) A legally recognized stake or right arising from a contract, entitling a party to benefits or remedies under the agreement.
The plaintiff asserted a contractual interest in the disputed property based on the lease agreement.
- (n.) An entitlement to damages or performance resulting from breach of contract.
She claimed a contractual interest in the compensation for delayed delivery.
Forms
- contractual interest
- contractual interests
Related terms
See also
Commentary
The term describes rights deriving specifically from contract law, distinguishing it from interests arising in property or equity contexts.
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.