/kənˈtrækt raɪt/ – Phrase
Definition: quyền theo hợp đồng.
A more thorough explanation: A contractual right refers to a legal entitlement or benefit that is established by a contract between parties. It is a right that is enforceable by law and arises from the terms and conditions agreed upon in a contract. This right typically outlines the obligations, duties, and benefits that each party has agreed to under the terms of the contract.
Example: The employee has a contractual right to receive a bonus at the end of each fiscal year as outlined in their employment agreement.