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Definition of «contractual»

The term "contractual" refers to something that is based on or related to a contract. It can describe an agreement, arrangement, or understanding between two parties that is established through a written or verbal contract. In other words, it pertains to the terms and conditions set forth in a legal document outlining the obligations and responsibilities of each party involved.

Usage examples

  1. The company is involved in a contractual agreement with its suppliers to ensure a steady supply of raw materials.
  2. Employees are bound by a contractual obligation to maintain confidentiality regarding company information.
  3. The contractual agreement stipulates that the contractor will complete the construction project within a specified timeframe.
  4. The parties involved in the business deal signed a contractual agreement to outline their obligations and responsibilities.
  5. The contractual dispute between the artist and the record label was resolved through arbitration.

Phrases with «contractual»

Sentences with «contractual»

  • Third, the trial judge and majority judgment in the Court of Appeal applied the principle of good faith performance of contractual obligations. (constructionlawcanada.com)
  • While therapists generally believe in parental commitment (because of vulnerable children), many see marital commitment as a matter of contractual relationship between independent adults. (psychotherapynetworker.org)
  • Furthermore, we generally do not enter into long - term contractual agreements with sellers. (sec.gov)
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See also

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