Essential Terms
/ɪˈsɛnʃəl tɜrmz/
Definitions
- (n.) The fundamental provisions of a contract or agreement that must be agreed upon for the contract to be valid and enforceable.
The essential terms of the lease include the rental amount and duration of the tenancy.
Forms
- essential term
Related terms
See also
Commentary
Essential terms often determine whether a contract exists; omitting or disputing these can invalidate the agreement.
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.