Define: Contractually

Contractually
Contractually
Quick Summary of Contractually

“Contractually” refers to actions, obligations, or terms that are defined or governed by a contract. When something is done contractually, it means that it is performed according to the terms and conditions specified within a legally binding agreement between parties. This term emphasises the importance of adhering to the provisions outlined in a contract, which may include requirements, responsibilities, rights, and remedies agreed upon by the involved parties.

What is the dictionary definition of Contractually?
Dictionary Definition of Contractually

adverb according to a contract

Example The company is contractually bound to pay our expenses. according to a contract

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This glossary post was last updated: 29th March, 2024.

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