/tɜrm ʌv ˈkɒntrækt/ – Phrase
Definition: thời hạn thực hiện hợp đồng.
A more thorough explanation: A “term of contract” refers to a specific provision or condition that is included in a legally binding agreement between two or more parties. These terms outline the rights, responsibilities, and obligations of each party involved in the contract. They can cover various aspects such as payment terms, delivery schedules, warranties, and dispute resolution mechanisms. Terms of contract are crucial in defining the scope and boundaries of the agreement and are legally enforceable.
Example: In the event of a breach of contract, the non-breaching party may seek damages as outlined in the terms of the contract.