Price
/ˈpraɪs/
Definitions
- (n.) The amount of money expected, required, or given in payment for something.
The price of the contract was stipulated in the agreement.
Forms
- prices
- priced
- pricing
Related terms
See also
Commentary
In legal drafting, clearly defining 'price' helps avoid ambiguity in contracts involving payment terms.
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.