Contractual Terms

Contractual terms are the specific agreements and conditions outlined in a contract that define the rights and obligations of the parties involved. These terms can include details about payment, deadlines, responsibilities, and what happens if someone doesn’t follow the agreement. They ensure both parties understand what is expected and provide a framework for resolving disputes. Contractual terms can be express (clearly stated) or implied (understood based on context), and they play a crucial role in protecting the interests of all parties involved in the agreement.