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About: Contractual term     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WrittenCommunication106349220, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:WikicatLegalDoctrinesAndPrinciplesyago:WikicatLegalDocumentsyago:Abstraction100002137yago:Belief105941423yago:Cognition100023271yago:Communication100033020yago:Content105809192yago:Doctrine105943300yago:Document106470073yago:LegalDocument106479665yago:PsychologicalFeature100023100yago:Writing106362953yago:WrittenCommunication106349220 New Facet based on Instances of this Class

A contractual term is "any provision forming part of a contract". Each term gives rise to a contractual obligation, the breach of which may give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract. The terms of a contract are the essence of a contract, and tell the reader what the contract will do. For instance, the price of a good, the time of its promised delivery and the description of the good will all be terms of the contract.