Term of Contract
/'tɜrm ʌv 'kɑntrækt/
Definitions
- (n.) A provision or clause within a contract that specifies rights, duties, or obligations of the parties involved.
The confidentiality term of the contract prohibits disclosure of sensitive information.
- (n.) The duration or length of time a contract remains in effect.
The term of the contract is five years, after which it may be renewed.
Forms
- terms of contract
- term of contracts
- terms of contracts
Related terms
See also
Commentary
In drafting, specify clearly whether 'term' refers to contractual provisions or the contract's duration 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.