Replaceability
/rɪˌpleɪsəˈbɪləti/
Definitions
- (n.) The quality or state of being capable of being replaced, especially regarding legal positions, documents, or contractual obligations.
The replaceability of a contract clause ensures flexibility in negotiations.
Related terms
See also
Commentary
Replaceability often relates to the legal capacity to substitute parties, terms, or obligations without affecting validity.
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.