Final Acceptance
/ˈfaɪnəl əkˈsɛptəns/
Definitions
- (n.) The definitive approval or agreement by a party, often after review or negotiation, marking the conclusion of a contract or transaction.
The contractor received final acceptance of the project from the client.
- (n.) In procurement and contract law, the formal acknowledgment by a buyer that goods, services, or work have met contractual requirements.
Final acceptance was granted after the inspection confirmed compliance with all specifications.
Forms
- final acceptance
Related terms
See also
Commentary
Final acceptance often triggers payment obligations and shifts risk; precise language is critical to clearly define criteria and timing in contracts.
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.