Term of Agreement
/ˈtɜrm əv əˈgriːmənt/
Definitions
- (n.) A specific provision or clause within a contract that sets out rights, duties, or obligations agreed upon by the parties.
The term of agreement regarding payment deadlines is clearly stated in the contract.
Forms
- terms of agreement
Related terms
See also
Commentary
Terms of agreement are discrete contract components that define particular conditions; clarity and precision are important to avoid ambiguity.
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.