Milestone
/ˈmaɪlstoʊn/
Definitions
- (n.) A significant event or point in a legal process or contract that marks progress or triggers specific rights or obligations.
The contract specified payment upon reaching each milestone.
Forms
- milestone
- milestones
Related terms
See also
Commentary
Milestones often structure obligations or payments in contracts; clearly defining them helps avoid disputes about performance timing.
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.