Meaning & Definition of word "Contractual"
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Contractual
/kənˈtræktʃuəl/
adjective:
- 1. Related to or involving a contract.
- Example: The company is bound by its contractual obligations to deliver the goods on time.
- 2. Existing or established by contract.
- Example: The contractual agreement between the two parties outlines the terms of the project.
- 3. Pertaining to the legal enforceability of a contract.
- Example: Both sides have a contractual right to seek damages if the terms are violated.
- 4. Of or relating to a formal agreement between parties.
- Example: Her role in the project was defined by her contractual duties.
Etymology
From Latin 'contractus', meaning 'drawn together, compacted'.
Common Phrases and Expressions
contractual obligation:
A duty that one is required to fulfill as per a contract.
contractual agreement:
A formal arrangement between parties that is legally enforceable.
Related Words
contract:
A written or spoken agreement that is enforceable by law.
obligation:
A duty or commitment that one is bound to fulfill.