Term definition: Copy, customize, and use instantly
Introduction
The term "Term" refers to the length of time a contract or agreement remains in effect. It is essential for defining the duration of obligations, rights, and conditions that both parties agree to uphold.
Below are various examples of how "Term" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Term" as the duration of a lease agreement
This definition ties "Term" to a lease agreement.
"Term" means the duration of the lease agreement, beginning on the effective date and continuing until the expiration date specified in the lease, unless terminated earlier in accordance with its provisions.
Definition of "Term" as the length of an employment contract
This definition connects "Term" to an employment contract.
"Term" refers to the length of the employment contract, starting on the employee's start date and ending on the termination date as specified in the agreement, unless extended or renewed by mutual consent.
Definition of "Term" as the contractual period for providing services
This definition links "Term" to a service agreement.
"Term" means the period during which the service provider will render services, beginning on the commencement date and ending on the completion date, unless otherwise agreed upon by the parties.
Definition of "Term" as the timeframe for a supply agreement
This definition applies "Term" to a supply agreement.
"Term" refers to the duration of the supply agreement, starting on the effective date and ending on the termination date specified in the agreement, subject to earlier termination provisions.
Definition of "Term" as the time frame for a loan agreement
This definition connects "Term" to a loan agreement.
"Term" means the length of time for which the loan is extended, beginning on the disbursement date and ending on the repayment due date or when the loan is fully paid off, whichever comes first.
Definition of "Term" as the period for a franchise agreement
This definition ties "Term" to a franchise agreement.
"Term" refers to the length of the franchise agreement, commencing on the franchisee's signing date and terminating on the expiration date unless renewed or terminated earlier in accordance with the terms of the agreement.
Definition of "Term" as the time span of a partnership agreement
This definition links "Term" to a partnership agreement.
"Term" means the period during which the partnership agreement remains in effect, starting on the effective date and continuing until the termination date, unless otherwise terminated or extended as outlined in the agreement.
Definition of "Term" as the duration of a marketing contract
This definition connects "Term" to a marketing contract.
"Term" refers to the period during which the marketing services will be provided, beginning on the start date and ending on the specified end date, subject to earlier termination as stipulated in the agreement.
Definition of "Term" as the contractual period for an insurance policy
This definition applies "Term" to an insurance policy.
"Term" means the length of time the insurance policy is in effect, starting on the policy's effective date and ending on the policy's expiration date, unless canceled or renewed earlier.
Definition of "Term" as the time span for a research agreement
This definition links "Term" to a research agreement.
"Term" refers to the duration of the research agreement, beginning on the effective date and continuing until the completion of the research project or until the termination date specified in the agreement.
Definition of "Term" as the duration of a confidentiality agreement
This definition ties "Term" to a confidentiality agreement.
"Term" means the period during which confidentiality obligations remain in effect, starting on the signing date and continuing until the expiration date or until the confidential information no longer requires protection.
Definition of "Term" as the length of a product development agreement
This definition connects "Term" to a product development agreement.
"Term" refers to the period during which the product development services are to be provided, beginning on the effective date and concluding on the agreed-upon completion date or when all milestones are achieved.
Definition of "Term" as the time span for a joint venture agreement
This definition links "Term" to a joint venture agreement.
"Term" means the length of the joint venture agreement, starting on the agreement's effective date and continuing until the termination date, unless extended or terminated earlier in accordance with the agreement.
Definition of "Term" as the contractual period for a technology licensing agreement
This definition applies "Term" to a technology licensing agreement.
"Term" refers to the length of time the licensing agreement remains valid, beginning on the effective date and ending on the termination date specified in the agreement, unless renewed or terminated earlier.
Definition of "Term" as the period of a distribution agreement
This definition ties "Term" to a distribution agreement.
"Term" means the period during which the distribution agreement is in effect, starting on the effective date and continuing until the expiration or termination date, as specified in the agreement.
Definition of "Term" as the time frame for a credit facility agreement
This definition connects "Term" to a credit facility agreement.
"Term" refers to the duration of the credit facility agreement, beginning on the effective date and continuing until the final repayment date, unless terminated or extended by mutual consent.
Definition of "Term" as the duration of a lease
This definition ties "Term" to a lease agreement.
"Term" means the length of the lease, starting on the lease commencement date and ending on the lease expiration date, unless extended by mutual agreement or terminated earlier under the lease terms.
Definition of "Term" as the period for a loan agreement
This definition connects "Term" to a loan agreement.
"Term" refers to the period of time the loan is to be repaid, beginning on the loan disbursement date and concluding on the loan repayment due date, subject to earlier repayment or extension as agreed by the parties.
Definition of "Term" as the contractual duration of a partnership
This definition links "Term" to a partnership agreement.
"Term" means the period during which the partnership is to exist, beginning on the effective date and continuing until the termination date or until earlier dissolution in accordance with the partnership agreement.
Definition of "Term" as the duration of an employment contract
This definition applies "Term" to an employment contract.
"Term" refers to the period of employment, commencing on the employee’s start date and concluding on the termination date, subject to early termination as specified in the employment agreement.
Definition of "Term" as the period of an advisory agreement
This definition connects "Term" to an advisory agreement.
"Term" means the duration of the advisory services, starting on the effective date and ending on the completion date, unless extended by mutual consent of the parties.
Definition of "Term" as the timeframe for a consultancy agreement
This definition ties "Term" to a consultancy agreement.
"Term" refers to the period for which consultancy services are to be provided, beginning on the commencement date and ending on the agreed-upon expiration date or upon early termination as specified.
Definition of "Term" as the duration of a franchise agreement
This definition links "Term" to a franchise agreement.
"Term" means the length of the franchise agreement, commencing on the franchisee's signing date and ending on the expiration date, unless renewed or terminated earlier in accordance with the terms.
Definition of "Term" as the length of a real estate transaction agreement
This definition applies "Term" to a real estate transaction agreement.
"Term" refers to the period during which the agreement for the real estate transaction remains valid, starting from the agreement’s signing date and ending on the closing date, subject to modifications as agreed by the parties.
Definition of "Term" as the contractual duration for a distribution arrangement
This definition connects "Term" to a distribution arrangement.
"Term" means the length of the distribution arrangement, beginning on the effective date and ending on the specified expiration date, unless terminated earlier as per the provisions in the agreement.
Definition of "Term" as the duration of a software license agreement
This definition ties "Term" to a software license agreement.
"Term" refers to the period during which the software license is valid, starting on the effective date of the agreement and ending on the specified expiration date, unless renewed by mutual agreement.
Definition of "Term" as the period of a sponsorship agreement
This definition links "Term" to a sponsorship agreement.
"Term" means the duration of the sponsorship agreement, beginning on the effective date and ending on the termination date, unless the agreement is extended or terminated earlier as per the terms.
Definition of "Term" as the duration of a marketing services contract
This definition applies "Term" to a marketing services contract.
"Term" refers to the length of the marketing services contract, starting on the effective date and ending on the termination date, unless extended or terminated earlier as per the contract terms.
Definition of "Term" as the timeframe for a research or development agreement
This definition ties "Term" to a research or development agreement.
"Term" means the period during which research or development activities are to be conducted, beginning on the effective date and continuing until the completion of the project or until the termination date as specified in the agreement.
Definition of "Term" as the contractual length for a credit agreement
This definition connects "Term" to a credit agreement.
"Term" refers to the period during which the credit facility is available, starting on the effective date and concluding on the maturity date, unless renewed or terminated earlier as per the agreement’s terms.
Definition of "Term" as the duration of a warranty agreement
This definition links "Term" to a warranty agreement.
"Term" means the length of time the warranty remains in effect, beginning on the purchase date of the product and ending on the expiration date, unless extended by the manufacturer or service provider.
Definition of "Term" as the period of a service contract
This definition ties "Term" to a service contract.
"Term" refers to the duration of the service contract, starting on the effective date and ending on the expiration date or when services are completed, subject to the contract’s early termination clauses.
Definition of "Term" as the length of a technology services agreement
This definition applies "Term" to a technology services agreement.
"Term" means the period during which technology services are to be provided, starting on the commencement date and continuing until the end date specified in the agreement, unless terminated earlier.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.