Indefinite-Term Contract
/ɪnˈdɛf.ɪ.nɪt tɜrm ˈkɒn.trækt/
Definitions
- (n.) A contract with no fixed end date, continuing until one party terminates it.
The parties entered into an indefinite-term contract to provide consulting services until further notice.
Forms
- indefinite-term contract
- indefinite-term contracts
Related terms
See also
Commentary
Indefinite-term contracts require clear termination provisions to manage ongoing obligations and rights.
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.