Term Legal Meaning and Definition

Here is a simplified definition of the legal term Term.

Term (noun)

1. A specific length of time fixed by an agreement, such as a contract or lease. For example, if you sign a one-year lease, the "term" is one year.

2. A word or phrase used to describe something or to express a concept, especially in a particular field. For instance, "copyright" is a legal term.

3. The beginning or end of a period or a limit. For example, a person's life term or the term of a political office.

4. An academic or official period, such as a school term, which is a period of teaching, or a court term, which is a calendar period where court cases are heard.

5. The conditions or stipulations in a contract. For instance, delivery date and prices are terms in a sales contract.