Express Contractual Term: Difference between revisions

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(Created page with "A Express Contract Term is a contractual term that is explicitly stated within a contractual agreement. * <B>Context:</B> ** It can specify exactly what the parties have agreed upon, including conditions such as payment terms, delivery deadlines, or specific duties each party must fulfill. ** It can range from being an Oral Contract Term (if verbally agreed upon and noted as express) to a Written Contract Term (if documented in writing in the contract...")
 
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== References ==
== References ==



Revision as of 21:40, 22 April 2024

A Express Contract Term is a contractual term that is explicitly stated within a contractual agreement.

  • Context:
    • It can specify exactly what the parties have agreed upon, including conditions such as payment terms, delivery deadlines, or specific duties each party must fulfill.
    • It can range from being an Oral Contract Term (if verbally agreed upon and noted as express) to a Written Contract Term (if documented in writing in the contract).
    • It can be subject to interpretation based on its clarity and precision, and it may be enforced more strictly than implied terms due to its explicit nature.
    • It can include terms essential to the contract's core obligations, such as price and scope of services, which, if breached, may lead to significant legal consequences.
    • ...
  • Example(s):
    • an Employment Contract that explicitly states the employee's salary, job title, and responsibilities.
    • a Lease Agreement that outlines the monthly rental amount, payment due dates, and specific tenant and landlord obligations.
    • ...
  • Counter-Example(s):
    • Implied Contract Terms
    • an assumption that employees will adhere to standard industry work hours, which is often not explicitly written in employment contracts but implied.
    • ...
  • See: Written Contract Term, Oral Contract Term, Contractual Obligation.


References