Exercised
Definitions
- (v.) Past tense and past participle of exercise, referring to the act of invoking or implementing a legal right or power.
The party exercised their contractual option within the stipulated timeframe.
Related terms
See also
Commentary
As an inflection of 'exercise,' 'exercised' conveys the completed action of utilizing a legal right or power, avoiding redundant full definitions.
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.