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term of a contract

/tɜːrm əv ə ˈkɒntrækt/

1 entry

phrase

/tɜːrm əv ə ˈkɒntrækt/B2formallegal
  • ruКонкретное условие, положение или оговорка, являющиеся частью юридически обязывающего соглашения между сторонами, определяющие права, обязанности и ожидания.

A specific condition, provision, or stipulation that forms part of a legally binding agreement between parties, defining rights, obligations, and expectations.

  1. Condition or clauseB2formal

    A specific condition, provision, or stipulation that forms part of a legally binding agreement.

    ruУсловие или пункт

    • The payment term of the contract requires monthly installments.
    • Both parties must agree to every term of the contract before signing.
    • Breaching a term of the contract can lead to legal penalties.
  2. Duration or periodB2formal

    The length of time for which a contract is valid or in effect.

    ruСрок действия

    • The term of the contract is two years, starting from January 1st.
    • They negotiated a longer term of the contract to secure better rates.
    • The employment term of the contract ends in December.