Performance Standard
/ˈpɜːrfɔːrməns ˈstændərd/
Definitions
- (n.) A legal or contractual criterion specifying the required level of quality, efficiency, or outcome in the execution of duties or obligations.
The contractor must meet the performance standard outlined in the agreement to avoid penalties.
Forms
- performance standards
Related terms
See also
Commentary
Performance standards often serve as objective measures in contracts and regulations, helping to define the threshold for acceptable performance and enabling enforcement or remedies if unmet.
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.