Indefinite Term
/ɪnˈdɛfɪnɪt tɜrm/
Definitions
- (n.) A contractual term that does not specify a fixed duration, quantity, or precise limit, allowing flexibility or continuation until terminated.
The agreement contained an indefinite term, permitting either party to end it with proper notice.
- (n.) A vague or non-specific provision in a legal document that may lead to interpretative challenges.
Courts often scrutinize indefinite terms closely to ascertain the parties' intent.
Forms
- indefinite terms
Related terms
See also
Commentary
Indefinite terms require clear context or supplementary provisions to avoid ambiguity in enforcement; drafters should specify termination rights or review mechanisms to mitigate risks associated with open-ended obligations.
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.