Contractual Term

Any provision forming part of a contract is a contractual term and each term gives rise to a contractual obligation, the breach of which may give rise to the possibility of legal action. Although the phrase ‘terms and conditions’ is used colloquially to describe contractual terms, all express clauses may be terms, but not all terms may be conditions. Furthermore, there may be implied terms that are not expressly written in the contract but are enforceable. See also Representations, Pre-contractual.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.