/kənˈtrækt taɪm/ – Phrase
Definition: 1. thời hạn hiệu lực của hợp đồng;
2. thời hạn quy định trong hợp đồng.
A more thorough explanation: Contractual time refers to the specific period of time agreed upon by parties in a contract for the performance of certain obligations or the completion of specified tasks or services. It is the timeframe within which parties are legally bound to fulfill their obligations as outlined in the contract.
Example: The parties agreed to complete the construction project within the contractual time frame of six months.